Coldstream Capital Management Inc. Has $476,000 Position in Baker Hughes (NASDAQ:BKR)

Coldstream Capital Management Inc. lifted its holdings in Baker Hughes (NASDAQ:BKR) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,824 shares of the company’s stock after buying an additional 1,793 shares during the period. Coldstream Capital Management Inc.’s holdings in Baker Hughes were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BKR. Geode Capital Management LLC grew its position in Baker Hughes by 0.5% during the third quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company’s stock valued at $867,514,000 after purchasing an additional 123,172 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Baker Hughes by 7.2% during the 3rd quarter. M&T Bank Corp now owns 48,075 shares of the company’s stock valued at $1,738,000 after acquiring an additional 3,229 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Baker Hughes by 442.2% in the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after acquiring an additional 796 shares during the last quarter. Hamilton Capital LLC purchased a new stake in shares of Baker Hughes during the third quarter worth $247,000. Finally, Public Employees Retirement System of Ohio boosted its position in Baker Hughes by 15.2% during the third quarter. Public Employees Retirement System of Ohio now owns 438,616 shares of the company’s stock valued at $15,856,000 after purchasing an additional 57,973 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

BKR opened at $42.15 on Friday. 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 stock’s 50 day moving average price is $40.55 and its two-hundred day moving average price is $36.70. The firm has a market capitalization of $41.71 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 0.72 and a beta of 1.40. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $45.17.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. Baker Hughes’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. On average, equities analysts forecast that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.99%. Baker Hughes’s payout ratio is 37.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of Baker Hughes in a research report on Thursday, October 24th. Atb Cap Markets lowered shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Barclays raised their price target on shares of Baker Hughes from $41.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus upped their price objective on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.12.

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.