Baker Hughes (NASDAQ:BKR) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Baker Hughes (NASDAQ:BKR) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,643 shares of the company’s stock after acquiring an additional 820 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Baker Hughes were worth $3,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in Baker Hughes in the fourth quarter worth about $33,000. OFI Invest Asset Management bought a new stake in Baker Hughes in the third quarter worth about $36,000. Rational Advisors LLC raised its position in Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after acquiring an additional 382 shares in the last quarter. Clearstead Advisors LLC increased its stake in Baker Hughes by 38.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock worth $54,000 after purchasing an additional 421 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Baker Hughes in the 3rd quarter worth about $76,000. 92.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the sale, the senior vice president now directly owns 14,998 shares in the company, valued at approximately $508,132.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the sale, the senior vice president now directly owns 14,998 shares in the company, valued at approximately $508,132.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James E. Apostolides sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the transaction, the senior vice president now owns 14,451 shares of the company’s stock, valued at $425,437.44. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

BKR has been the topic of a number of analyst reports. Susquehanna reissued a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a research note on Monday, April 8th. Barclays dropped their price target on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. The Goldman Sachs Group lifted their price target on Baker Hughes from $36.00 to $38.00 in a research note on Tuesday. Wolfe Research cut Baker Hughes from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 29th. Finally, UBS Group lifted their price target on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Baker Hughes Trading Up 1.7 %

Shares of NASDAQ BKR opened at $33.00 on Wednesday. The stock has a market cap of $33.03 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.62 and a beta of 1.42. The business has a 50 day simple moving average of $31.82 and a 200 day simple moving average of $32.55. Baker Hughes has a 52 week low of $26.81 and a 52 week high of $37.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. On average, research analysts predict that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.55%. Baker Hughes’s dividend payout ratio (DPR) is currently 43.98%.

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.