Schonfeld Strategic Advisors LLC Trims Position in Baker Hughes (NASDAQ:BKR)

Schonfeld Strategic Advisors LLC lessened its stake in Baker Hughes (NASDAQ:BKR) by 43.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,773 shares of the company’s stock after selling 12,260 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Baker Hughes were worth $647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKR. Dynasty Wealth Management LLC raised its stake in shares of Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock worth $324,000 after buying an additional 207 shares in the last quarter. Larson Financial Group LLC grew its holdings in Baker Hughes by 41.2% in 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 during the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of Baker Hughes by 0.7% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company’s stock worth $1,660,000 after buying an additional 267 shares during the last quarter. Cromwell Holdings LLC boosted its position in shares of Baker Hughes by 9.3% in the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock worth $130,000 after buying an additional 269 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Baker Hughes by 1.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after purchasing an additional 295 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Stock Up 0.7 %

BKR opened at $36.49 on Friday. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The company has a market capitalization of $36.15 billion, a P/E ratio of 12.24, a P/E/G ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The firm’s fifty day moving average price is $39.72 and its two-hundred day moving average price is $42.00.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.54 billion. On average, analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.52%. Baker Hughes’s dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BKR. Royal Bank of Canada reduced their price target on Baker Hughes from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Benchmark reaffirmed a “buy” rating and issued a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. TD Cowen decreased their target price on Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Evercore ISI cut their price objective on Baker Hughes from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the company a “buy” rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.11.

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.