Fisher Asset Management LLC Has $30.23 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Fisher Asset Management LLC grew its holdings in Baker Hughes (NASDAQ:BKR) by 13.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 836,156 shares of the company’s stock after acquiring an additional 100,455 shares during the period. Fisher Asset Management LLC owned 0.08% of Baker Hughes worth $30,227,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Eagle Asset Management Inc. grew its holdings in Baker Hughes by 18.6% during the third quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company’s stock valued at $198,326,000 after purchasing an additional 860,219 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Baker Hughes by 63.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,001,870 shares of the company’s stock worth $72,368,000 after acquiring an additional 780,417 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Baker Hughes in the 3rd quarter worth $27,914,000. Legal & General Group Plc lifted its position in Baker Hughes by 8.6% during the 2nd quarter. Legal & General Group Plc now owns 8,723,388 shares of the company’s stock worth $306,801,000 after acquiring an additional 692,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Baker Hughes by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company’s stock valued at $348,074,000 after acquiring an additional 680,621 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group reduced their price objective on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Wells Fargo & Company upgraded shares of Baker Hughes from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $42.00 in a research note on Wednesday, September 25th. Susquehanna raised their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research report on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $44.76.

Baker Hughes Price Performance

NASDAQ:BKR opened at $43.53 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm has a market cap of $43.07 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The company’s 50-day moving average price is $38.91 and its two-hundred day moving average price is $35.81.

Baker Hughes (NASDAQ:BKR) last announced its 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 business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the previous year, the business earned $0.42 EPS. Baker Hughes’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid 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 1.93%. Baker Hughes’s dividend payout ratio (DPR) is presently 37.67%.

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.