Baker Hughes (NASDAQ:BKR) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Baker Hughes (NASDAQ:BKRFree Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,467,661 shares of the company’s stock after acquiring an additional 8,828 shares during the quarter. Nordea Investment Management AB owned 0.15% of Baker Hughes worth $49,167,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Spire Wealth Management raised its holdings in shares of Baker Hughes by 256.7% in the first quarter. Spire Wealth Management now owns 767 shares of the company’s stock worth $26,000 after buying an additional 552 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in Baker Hughes during the 1st quarter worth approximately $27,000. Bruce G. Allen Investments LLC acquired a new stake in Baker Hughes during the 4th quarter valued at approximately $33,000. Montag A & Associates Inc. lifted its stake in Baker Hughes by 100.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Baker Hughes by 281.2% in the first quarter. UMB Bank n.a. now owns 1,582 shares of the company’s stock worth $53,000 after acquiring an additional 1,167 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Activity at Baker Hughes

In other news, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the transaction, the executive vice president now directly owns 92,035 shares in the company, valued at approximately $2,945,120. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.

Baker Hughes Trading Down 0.1 %

BKR stock opened at $34.17 on Tuesday. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.59 and a beta of 1.41. The business’s 50-day moving average is $32.80 and its 200 day moving average is $32.06. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $37.58. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Baker Hughes (NASDAQ:BKRGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Baker Hughes will post 2.09 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.84 annualized dividend and a yield of 2.46%. Baker Hughes’s dividend payout ratio is presently 46.93%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Baker Hughes from $35.00 to $36.00 in a research report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Wednesday, April 24th. Jefferies Financial Group raised their price objective on shares of Baker Hughes from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Morgan Stanley boosted their target price on shares of Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Finally, Susquehanna restated a “positive” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.27.

View Our Latest Stock Report on Baker Hughes

About Baker Hughes

(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.

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

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