Baker Hughes (NASDAQ:BKR) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in Baker Hughes (NASDAQ:BKR) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 22,200 shares of the company’s stock after purchasing an additional 545 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Baker Hughes were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Baker Hughes by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company’s stock worth $1,662,000 after acquiring an additional 475 shares during the period. First Hawaiian Bank lifted its holdings in Baker Hughes by 7.9% in the fourth quarter. First Hawaiian Bank now owns 94,163 shares of the company’s stock worth $3,863,000 after purchasing an additional 6,891 shares during the period. Nordea Investment Management AB grew its position in Baker Hughes by 4.8% in the 4th quarter. Nordea Investment Management AB now owns 1,810,915 shares of the company’s stock valued at $74,592,000 after buying an additional 83,266 shares in the last quarter. GAMMA Investing LLC increased its stake in Baker Hughes by 41.1% during the 4th quarter. GAMMA Investing LLC now owns 10,286 shares of the company’s stock valued at $422,000 after buying an additional 2,998 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Baker Hughes by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company’s stock worth $42,580,000 after buying an additional 47,727 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Royal Bank of Canada lifted their price target on Baker Hughes from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. TD Cowen cut their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Citigroup lifted their target price on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, UBS Group cut their price target on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.18.

Baker Hughes Price Performance

BKR opened at $44.83 on Tuesday. The firm has a market capitalization of $44.36 billion, a P/E ratio of 20.10, a PEG ratio of 0.72 and a beta of 1.39. The stock has a fifty day moving average of $42.41 and a 200-day moving average of $38.07. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $45.17.

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

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.87%. Baker Hughes’s dividend 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.