Baker Hughes (NASDAQ:BKR) Stock Holdings Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in shares of Baker Hughes (NASDAQ:BKR) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 507,379 shares of the company’s stock after buying an additional 15,904 shares during the period. Fisher Asset Management LLC owned 0.05% of Baker Hughes worth $17,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Baker Hughes by 16.8% during the third quarter. FMR LLC now owns 16,078,162 shares of the company’s stock valued at $567,881,000 after purchasing an additional 2,316,638 shares during the last quarter. Northern Trust Corp increased its position in Baker Hughes by 4.0% in the third quarter. Northern Trust Corp now owns 9,816,785 shares of the company’s stock worth $346,729,000 after buying an additional 379,385 shares during the period. Morgan Stanley increased its position in Baker Hughes by 8.6% in the third quarter. Morgan Stanley now owns 9,445,847 shares of the company’s stock worth $333,627,000 after buying an additional 745,511 shares during the period. Invesco Ltd. boosted its holdings in shares of Baker Hughes by 11.5% during the third quarter. Invesco Ltd. now owns 8,044,420 shares of the company’s stock valued at $284,129,000 after acquiring an additional 829,245 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Baker Hughes by 2.4% in the 3rd quarter. Van ECK Associates Corp now owns 7,214,165 shares of the company’s stock worth $254,804,000 after acquiring an additional 170,140 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Down 0.0 %

Shares of Baker Hughes stock opened at $31.92 on Monday. Baker Hughes has a 12-month low of $26.96 and a 12-month high of $37.58. The firm has a market capitalization of $31.95 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.44. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average is $32.35 and its 200-day moving average is $32.41.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts anticipate that Baker Hughes will post 2.08 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, May 3rd. Baker Hughes’s payout ratio is 46.93%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BKR shares. Barclays reduced their target price on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. The Goldman Sachs Group increased their price target on Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Baker Hughes in a research note on Wednesday, April 24th. Morgan Stanley increased their price objective on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of Baker Hughes in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus price target of $40.94.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the sale, the senior vice president now directly owns 14,451 shares in the company, valued at approximately $425,437.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the sale, 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. Company insiders own 0.25% of the company’s stock.

About Baker Hughes

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.