Natixis Advisors LLC Buys 66,444 Shares of Baker Hughes (NASDAQ:BKR)

Natixis Advisors LLC raised its holdings in Baker Hughes (NASDAQ:BKR) by 13.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 544,414 shares of the company’s stock after acquiring an additional 66,444 shares during the period. Natixis Advisors LLC’s holdings in Baker Hughes were worth $19,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Orion Portfolio Solutions LLC grew its holdings in Baker Hughes by 27.1% during the first quarter. Orion Portfolio Solutions LLC now owns 31,003 shares of the company’s stock worth $1,039,000 after buying an additional 6,604 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Baker Hughes by 126.6% during the 1st quarter. Edgestream Partners L.P. now owns 34,578 shares of the company’s stock worth $1,158,000 after purchasing an additional 19,320 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Baker Hughes by 26.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,566 shares of the company’s stock worth $1,660,000 after purchasing an additional 10,278 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Baker Hughes by 364.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 43,015 shares of the company’s stock valued at $1,441,000 after acquiring an additional 33,754 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Baker Hughes by 4.7% in the 1st quarter. National Bank of Canada FI now owns 869,786 shares of the company’s stock valued at $28,129,000 after acquiring an additional 39,031 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Price Performance

BKR stock opened at $42.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The firm has a market capitalization of $42.42 billion, a P/E ratio of 19.22, a P/E/G ratio of 0.72 and a beta of 1.38. The business’s 50-day moving average is $37.86 and its two-hundred day moving average is $35.39. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $44.49.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping 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 company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.96%. Baker Hughes’s dividend payout ratio (DPR) is 37.67%.

Analyst Ratings Changes

Several brokerages have recently commented on BKR. Citigroup increased their price objective on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised their price target on Baker Hughes from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Evercore ISI raised their price target on Baker Hughes from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. raised their price target on Baker Hughes from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Morgan Stanley lifted their price objective on Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.59.

Baker Hughes Company 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.