Baker Hughes (NASDAQ:BKR) Holdings Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in Baker Hughes (NASDAQ:BKR) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,995 shares of the company’s stock after purchasing an additional 674 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Baker Hughes were worth $1,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes in the third quarter worth about $30,000. True Wealth Design LLC raised its holdings in Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after acquiring an additional 829 shares in the last quarter. Continuum Advisory LLC raised its holdings in Baker Hughes by 442.2% in the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after acquiring an additional 796 shares in the last quarter. Eastern Bank raised its holdings in Baker Hughes by 598.4% in the 4th quarter. Eastern Bank now owns 1,739 shares of the company’s stock valued at $71,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Baker Hughes in the 3rd quarter valued at approximately $103,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 2.6 %

Shares of BKR stock opened at $47.40 on Tuesday. The firm has a 50 day moving average price of $43.03 and a two-hundred day moving average price of $39.12. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $46.90 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.60.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, analysts predict that Baker Hughes will post 2.55 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.94%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is 28.19%.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BKR. Wells Fargo & Company upped their price objective on Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday. Atb Cap Markets lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets upped their price objective on Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI increased their price target on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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.