Dimensional Fund Advisors LP Has $473.88 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Dimensional Fund Advisors LP grew its position in Baker Hughes (NASDAQ:BKR) by 8.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,552,478 shares of the company’s stock after acquiring an additional 874,297 shares during the period. Dimensional Fund Advisors LP’s holdings in Baker Hughes were worth $473,880,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in Baker Hughes during the 4th quarter worth approximately $640,000. Burney Co. boosted its holdings in Baker Hughes by 315.0% during the fourth quarter. Burney Co. now owns 138,788 shares of the company’s stock worth $5,693,000 after purchasing an additional 105,349 shares during the last quarter. Geode Capital Management LLC grew its position in Baker Hughes by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock valued at $1,004,212,000 after purchasing an additional 465,832 shares in the last quarter. Northstar Advisory Group LLC acquired a new stake in Baker Hughes in the 4th quarter valued at $1,180,000. Finally, Artemis Investment Management LLP lifted its position in Baker Hughes by 29.4% during the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company’s stock worth $43,233,000 after buying an additional 239,773 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

BKR opened at $38.86 on Friday. The firm has a market cap of $38.47 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. The business’s fifty day moving average is $42.34 and its 200-day moving average is $42.10. Baker Hughes has a 52-week low of $30.93 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 released its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Sell-side analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio (DPR) is currently 30.87%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on BKR shares. Barclays reduced their price target on Baker Hughes from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Evercore ISI upped their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Susquehanna lowered their price objective on shares of Baker Hughes from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. TD Cowen reduced their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Piper Sandler raised their price objective on Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.65.

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.