Nomura Asset Management Co. Ltd. Grows Stock Position in Baker Hughes Company $BKR

Nomura Asset Management Co. Ltd. boosted its position in shares of Baker Hughes Company (NASDAQ:BKR) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,109 shares of the company’s stock after buying an additional 16,071 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Baker Hughes were worth $14,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Baker Hughes during the 1st quarter worth about $404,385,000. Pacer Advisors Inc. raised its position in Baker Hughes by 2,585.6% in the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company’s stock worth $169,511,000 after purchasing an additional 3,713,301 shares during the period. 1832 Asset Management L.P. bought a new stake in Baker Hughes in the first quarter worth about $70,685,000. Strs Ohio purchased a new position in shares of Baker Hughes during the first quarter valued at approximately $60,490,000. Finally, AQR Capital Management LLC grew its stake in shares of Baker Hughes by 27.8% during the first quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company’s stock valued at $234,958,000 after buying an additional 1,185,456 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 0.9%

NASDAQ:BKR opened at $48.48 on Thursday. The firm has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $43.09. Baker Hughes Company has a one year low of $33.60 and a one year high of $50.92. The firm has a market cap of $47.84 billion, a P/E ratio of 16.72, a P/E/G ratio of 2.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $5.09 billion for the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%. Equities analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is 31.72%.

Insiders Place Their Bets

In other news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at approximately $2,026,000. The trade was a 38.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at approximately $588,600. The trade was a 7.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKR. Capital One Financial raised their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Barclays lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. upped their price target on shares of Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Stifel Nicolaus raised their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, Melius assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price objective for the company. Twenty-three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.38.

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.