Public Employees Retirement Association of Colorado Decreases Position in Baker Hughes (NASDAQ:BKR)

Public Employees Retirement Association of Colorado lessened its position in Baker Hughes (NASDAQ:BKR) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,291 shares of the company’s stock after selling 3,312 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Baker Hughes were worth $4,114,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dynasty Wealth Management LLC grew its stake in shares of Baker Hughes by 2.7% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock worth $324,000 after acquiring an additional 207 shares during the period. Larson Financial Group LLC grew its position in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares during the period. Alpine Woods Capital Investors LLC raised its stake in Baker Hughes by 0.7% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company’s stock valued at $1,660,000 after buying an additional 267 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Baker Hughes by 9.3% during the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock valued at $130,000 after buying an additional 269 shares during the period. Finally, 180 Wealth Advisors LLC lifted its holdings 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 valued at $923,000 after buying an additional 295 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 0.8 %

Shares of BKR opened at $35.92 on Wednesday. The business’s 50 day moving average is $40.95 and its 200 day moving average is $42.05. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a market capitalization of $35.56 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.54 billion. Research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes’s payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of research reports. Susquehanna reduced their price objective on Baker Hughes from $48.00 to $46.00 and set a “positive” rating for the company in a research report on Thursday, April 24th. Citigroup reduced their price target on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus set a $50.00 price objective on shares of Baker Hughes and gave the stock a “buy” rating in a report on Thursday, April 24th. Jefferies Financial Group boosted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and an average target price of $49.11.

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.