Thrivent Financial for Lutherans Buys 212,520 Shares of Baker Hughes (NASDAQ:BKR)

Thrivent Financial for Lutherans increased its position in Baker Hughes (NASDAQ:BKR - Free Report) by 90.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 447,673 shares of the company's stock after purchasing an additional 212,520 shares during the quarter. Thrivent Financial for Lutherans' holdings in Baker Hughes were worth $16,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKR. Orion Portfolio Solutions LLC boosted its position in Baker Hughes by 27.1% during the first quarter. Orion Portfolio Solutions LLC now owns 31,003 shares of the company's stock worth $1,039,000 after purchasing an additional 6,604 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Baker Hughes by 26.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,566 shares of the company's stock worth $1,660,000 after buying an additional 10,278 shares during the period. Freestone Capital Holdings LLC acquired a new position in Baker Hughes in the 1st quarter valued at about $635,000. Advisors Asset Management Inc. raised its holdings in Baker Hughes by 34.7% in the 1st quarter. Advisors Asset Management Inc. now owns 51,356 shares of the company's stock valued at $1,720,000 after acquiring an additional 13,231 shares during the period. Finally, Capital International Ltd. CA lifted its position in Baker Hughes by 6.0% during the first quarter. Capital International Ltd. CA now owns 103,803 shares of the company's stock worth $3,477,000 after acquiring an additional 5,919 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

Baker Hughes stock opened at $44.31 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The stock has a market cap of $43.85 billion, a PE ratio of 19.87, a P/E/G ratio of 0.72 and a beta of 1.38. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $44.49. The business's 50-day moving average price is $38.09 and its two-hundred day moving average price is $35.45.

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

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.21 per share. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. Baker Hughes's dividend payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BKR shares. Stifel Nicolaus increased their target price on Baker Hughes from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, July 29th. Susquehanna boosted their target price on shares of Baker Hughes from $46.00 to $48.00 and gave the company a "positive" rating in a research report on Thursday, October 24th. Citigroup upped their price target on shares of Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, TD Cowen increased their target price on shares of Baker Hughes from $46.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.59.

Baker Hughes Company 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.