MUFG Securities EMEA plc Invests $15.38 Million in Baker Hughes (NASDAQ:BKR)

MUFG Securities EMEA plc purchased a new position in shares of Baker Hughes (NASDAQ:BKR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 449,999 shares of the company’s stock, valued at approximately $15,381,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Baker Hughes during the 4th quarter worth about $551,555,000. FMR LLC raised its stake in shares of Baker Hughes by 16.8% in the 3rd quarter. FMR LLC now owns 16,078,162 shares of the company’s stock valued at $567,881,000 after acquiring an additional 2,316,638 shares in the last quarter. Northern Trust Corp raised its stake in shares of Baker Hughes by 4.0% in the 3rd quarter. Northern Trust Corp now owns 9,816,785 shares of the company’s stock valued at $346,729,000 after acquiring an additional 379,385 shares in the last quarter. Morgan Stanley raised its stake in shares of Baker Hughes by 8.6% in the 3rd quarter. Morgan Stanley now owns 9,445,847 shares of the company’s stock valued at $333,627,000 after acquiring an additional 745,511 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Baker Hughes by 19.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,669,307 shares of the company’s stock valued at $296,319,000 after acquiring an additional 1,395,083 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Price Performance

BKR traded up $0.56 during trading on Friday, hitting $32.37. The company’s stock had a trading volume of 4,698,650 shares, compared to its average volume of 5,640,399. The firm’s 50 day moving average price is $32.93 and its two-hundred day moving average price is $32.19. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.38. Baker Hughes has a 12 month low of $26.96 and a 12 month high of $37.58. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Sell-side analysts forecast that Baker Hughes will post 2.08 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were issued a $0.21 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.59%. Baker Hughes’s dividend payout ratio is presently 46.93%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. UBS Group lifted their price target on Baker Hughes from $35.00 to $36.00 in a research report on Tuesday, April 23rd. Wolfe Research downgraded Baker Hughes from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 29th. Susquehanna reissued a “positive” rating and set a $40.00 price objective on shares of Baker Hughes in a report on Monday, April 8th. Finally, The Goldman Sachs Group lifted their price objective on Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.94.

Insider Activity at Baker Hughes

In other news, SVP James E. Apostolides sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP James E. Apostolides sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Baker Hughes Profile

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.