Baker Hughes (NASDAQ:BKR) Stock Holdings Lifted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its position in shares of Baker Hughes (NASDAQ:BKR) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,326 shares of the company’s stock after purchasing an additional 1,053 shares during the period. Hohimer Wealth Management LLC’s holdings in Baker Hughes were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. National Pension Service boosted its holdings in Baker Hughes by 6.4% in the third 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 acquired a new position in shares of Baker Hughes during the 3rd quarter valued at about $1,980,000. Wedge Capital Management L L P NC raised its stake in shares of Baker Hughes by 20.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company’s stock valued at $25,544,000 after acquiring an additional 123,689 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in Baker Hughes by 76.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company’s stock worth $4,434,000 after purchasing an additional 53,006 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Baker Hughes by 7.6% during the second quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company’s stock worth $223,523,000 after purchasing an additional 455,307 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Citigroup boosted their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. BMO Capital Markets raised their price target on Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Susquehanna boosted their price objective on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research report on Thursday, October 24th. Finally, Argus raised Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.76.

Baker Hughes Stock Down 0.5 %

BKR opened at $41.21 on Wednesday. The company has a market capitalization of $40.78 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.70 and a beta of 1.40. 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 firm’s fifty day moving average price is $40.27 and its two-hundred day moving average price is $36.52. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.17.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating 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 business 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 business earned $0.42 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.04%. Baker Hughes’s payout ratio is presently 37.67%.

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.