Mirae Asset Global Investments Co. Ltd. Has $11.63 Million Stake in Baker Hughes (NASDAQ:BKR)

Mirae Asset Global Investments Co. Ltd. increased its position in Baker Hughes (NASDAQ:BKR) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,693 shares of the company’s stock after purchasing an additional 30,906 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Baker Hughes were worth $11,625,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bridges Investment Management Inc. lifted its holdings in shares of Baker Hughes by 3.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock worth $333,000 after acquiring an additional 273 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Baker Hughes by 1.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock valued at $923,000 after purchasing an additional 295 shares in the last quarter. Graypoint LLC grew its stake in shares of Baker Hughes by 3.0% in the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company’s stock valued at $372,000 after purchasing an additional 301 shares during the period. First Trust Direct Indexing L.P. raised its holdings in shares of Baker Hughes by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock worth $1,079,000 after buying an additional 398 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Baker Hughes by 4.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,027 shares of the company’s stock valued at $326,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Baker Hughes Price Performance

BKR opened at $46.98 on Friday. The company has a fifty day moving average price of $43.30 and a two-hundred day moving average price of $39.35. The firm has a market capitalization of $46.49 billion, a PE ratio of 15.77, a P/E/G ratio of 0.89 and a beta of 1.39. Baker Hughes has a 52 week low of $28.63 and a 52 week high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

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

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.96%. 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 currently 28.19%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BKR shares. Atb Cap Markets cut Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday. Susquehanna lifted their price objective on Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a research report on Monday. Royal Bank of Canada boosted their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their target price on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and a consensus price target of $50.18.

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.