Baldwin Investment Management LLC Has $847,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

Baldwin Investment Management LLC cut its holdings in shares of Baker Hughes (NASDAQ:BKR) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,437 shares of the company’s stock after selling 525 shares during the period. Baldwin Investment Management LLC’s holdings in Baker Hughes were worth $847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service increased its holdings in Baker Hughes by 6.4% during the 3rd quarter. National Pension Service now owns 1,362,973 shares of the company’s stock worth $49,271,000 after purchasing an additional 81,625 shares in the last quarter. Hixon Zuercher LLC purchased a new position in shares of Baker Hughes during the third quarter valued at approximately $1,980,000. Wedge Capital Management L L P NC grew its holdings in Baker Hughes by 20.5% during the second quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company’s stock worth $25,544,000 after buying an additional 123,689 shares in the last quarter. Banque Cantonale Vaudoise raised its position in Baker Hughes by 76.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company’s stock valued at $4,434,000 after buying an additional 53,006 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Baker Hughes by 7.6% during the 2nd quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company’s stock valued at $223,523,000 after acquiring an additional 455,307 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analyst Upgrades and Downgrades

BKR has been the subject of several recent analyst reports. Argus upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets upped their price objective on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Susquehanna boosted their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their target price on Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup lifted their price target on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.76.

Baker Hughes Trading Down 0.0 %

NASDAQ:BKR opened at $43.53 on Wednesday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $45.17. The stock’s fifty day moving average price is $38.91 and its two-hundred day moving average price is $35.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market cap of $43.07 billion, a P/E ratio of 19.52, a P/E/G ratio of 0.75 and a beta of 1.38.

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

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, November 4th. 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.