Nisa Investment Advisors LLC Purchases 4,099 Shares of Baker Hughes (NASDAQ:BKR)

Nisa Investment Advisors LLC grew its position in Baker Hughes (NASDAQ:BKR) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,183 shares of the company’s stock after purchasing an additional 4,099 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Baker Hughes were worth $7,719,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BKR. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock worth $394,775,000 after buying an additional 2,811,940 shares in the last quarter. Yaupon Capital Management LP bought a new position in Baker Hughes during the third quarter worth $47,296,000. Eagle Asset Management Inc. grew its holdings in Baker Hughes by 18.6% in the third quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company’s stock worth $198,326,000 after purchasing an additional 860,219 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Baker Hughes by 436.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,004,647 shares of the company’s stock valued at $36,318,000 after purchasing an additional 817,227 shares in the last quarter. Finally, Groupama Asset Managment raised its holdings in shares of Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after purchasing an additional 811,711 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $45.55 on Friday. The business’s fifty day moving average is $42.96 and its 200 day moving average is $38.66. The firm has a market cap of $45.07 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 0.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $47.47.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The firm had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts predict that Baker Hughes will post 2.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on BKR shares. Atb Cap Markets lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Evercore ISI increased their price target on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Susquehanna upped their target price on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Barclays lifted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $48.06.

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.