Cambridge Investment Research Advisors Inc. Acquires 5,313 Shares of Baker Hughes Company (NASDAQ:BKR)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 32.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,919 shares of the company’s stock after buying an additional 5,313 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Baker Hughes were worth $963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Baker Hughes in the 4th quarter worth $30,000. Larson Financial Group LLC raised its stake in Baker Hughes by 41.2% during 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 in the last quarter. Grove Bank & Trust raised its stake in shares of Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after acquiring an additional 320 shares during the period. OFI Invest Asset Management bought a new position in shares of Baker Hughes in the fourth quarter worth about $47,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Baker Hughes by 326.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,824 shares of the company’s stock worth $75,000 after acquiring an additional 1,396 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 0.5%

BKR stock opened at $39.62 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The stock has a market capitalization of $39.25 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 4.27 and a beta of 0.91. The business’s fifty day moving average price is $37.70 and its two-hundred day moving average price is $41.01.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. On average, equities analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, May 6th. Baker Hughes’s dividend payout ratio is currently 31.40%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the stock a “buy” rating in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays reduced their price objective on Baker Hughes from $54.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Morgan Stanley lowered their price target on Baker Hughes from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

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.