Lighthouse Investment Partners LLC Acquires New Stake in Baker Hughes (NASDAQ:BKR)

Lighthouse Investment Partners LLC acquired a new stake in Baker Hughes (NASDAQ:BKRFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,678 shares of the company’s stock, valued at approximately $1,546,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC increased its holdings in Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes in the fourth quarter valued at $30,000. Larson Financial Group LLC increased its holdings in Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after purchasing an additional 216 shares during the period. Kestra Investment Management LLC acquired a new stake in Baker Hughes in the fourth quarter valued at $45,000. Finally, OFI Invest Asset Management acquired a new stake in Baker Hughes during the 4th quarter worth about $47,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BKR. Evercore ISI decreased their price target on Baker Hughes from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Barclays decreased their price target on Baker Hughes from $54.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Royal Bank of Canada decreased their price target on Baker Hughes from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Benchmark reiterated a “buy” rating and set a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Finally, Citigroup decreased their price target on Baker Hughes from $54.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.11.

Check Out Our Latest Report on BKR

Baker Hughes Price Performance

BKR stock opened at $38.18 on Wednesday. The stock has a market capitalization of $37.83 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company’s 50-day moving average is $39.56 and its 200-day moving average is $42.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKRGet Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Equities research analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a $0.23 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.41%. Baker Hughes’s payout ratio is 31.40%.

Baker Hughes Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes (NASDAQ:BKRFree Report).

Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter.