Public Employees Retirement System of Ohio Has $15.86 Million Position in Baker Hughes (NASDAQ:BKR)

Public Employees Retirement System of Ohio lifted its position in Baker Hughes (NASDAQ:BKR - Free Report) by 15.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 438,616 shares of the company's stock after buying an additional 57,973 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Baker Hughes were worth $15,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Groupama Asset Managment boosted its holdings in Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock valued at $32,000 after acquiring an additional 811,711 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Baker Hughes by 5.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 332,665 shares of the company's stock worth $12,026,000 after purchasing an additional 18,175 shares during the last quarter. MML Investors Services LLC boosted its stake in Baker Hughes by 14.6% during the 3rd quarter. MML Investors Services LLC now owns 17,340 shares of the company's stock valued at $627,000 after purchasing an additional 2,214 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Baker Hughes by 4.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 33,758 shares of the company's stock valued at $1,220,000 after buying an additional 1,549 shares during the last quarter. Finally, Yaupon Capital Management LP bought a new position in Baker Hughes in the 3rd quarter worth approximately $47,296,000. 92.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BKR. BMO Capital Markets increased their price objective on Baker Hughes from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. Wells Fargo & Company raised shares of Baker Hughes from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $40.00 to $42.00 in a report on Wednesday, September 25th. Susquehanna boosted their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a "positive" rating in a report on Thursday, October 24th. Barclays upped their price objective on shares of Baker Hughes from $41.00 to $46.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their target price on Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and a consensus price target of $44.76.

Baker Hughes Price Performance

Shares of NASDAQ:BKR traded up $1.25 on Wednesday, hitting $42.46. The stock had a trading volume of 7,588,275 shares, compared to its average volume of 7,150,512. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 0.70 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. The firm's 50 day moving average price is $40.27 and its 200-day moving average price is $36.52. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $45.17.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The firm had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.98%. Baker Hughes's payout ratio is 37.67%.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.