Baker Hughes (NASDAQ:BKR) Shares Sold by Qtron Investments LLC

Qtron Investments LLC decreased its stake in Baker Hughes (NASDAQ:BKR) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,855 shares of the company’s stock after selling 675 shares during the quarter. Qtron Investments LLC’s holdings in Baker Hughes were worth $1,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Black Cypress Capital Management LLC grew its position in shares of Baker Hughes by 0.4% during the 4th quarter. Black Cypress Capital Management LLC now owns 103,624 shares of the company’s stock valued at $4,251,000 after acquiring an additional 373 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Baker Hughes by 20.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 37,591 shares of the company’s stock valued at $1,538,000 after buying an additional 6,375 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Baker Hughes by 55.2% during the 4th quarter. Sterling Capital Management LLC now owns 59,529 shares of the company’s stock worth $2,442,000 after buying an additional 21,168 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Baker Hughes by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 438,986 shares of the company’s stock valued at $18,007,000 after buying an additional 2,760 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Baker Hughes by 2,527.6% in the 4th quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company’s stock valued at $136,158,000 after acquiring an additional 3,193,089 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BKR shares. Citigroup decreased their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday. Jefferies Financial Group increased their target price on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. The Goldman Sachs Group boosted their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised their price objective on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average target price of $51.18.

Baker Hughes Stock Up 3.5 %

Shares of BKR opened at $37.93 on Friday. The company’s 50-day moving average price is $43.23 and its 200 day moving average price is $42.02. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of $37.55 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s payout ratio is 30.87%.

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.