Baker Hughes (NASDAQ:BKR) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 21.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,360,260 shares of the company's stock after selling 1,688,617 shares during the period. American Century Companies Inc. owned approximately 0.64% of Baker Hughes worth $260,898,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quest Partners LLC boosted its holdings in Baker Hughes by 446,900.0% during the 3rd quarter. Quest Partners LLC now owns 4,470 shares of the company's stock valued at $162,000 after acquiring an additional 4,469 shares during the period. Caprock Group LLC grew its holdings in shares of Baker Hughes by 11.4% in the third quarter. Caprock Group LLC now owns 33,955 shares of the company's stock worth $1,227,000 after purchasing an additional 3,475 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Baker Hughes by 13.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 134,735 shares of the company's stock valued at $4,871,000 after buying an additional 15,477 shares in the last quarter. Commerce Bank boosted its position in Baker Hughes by 3.1% in the 3rd quarter. Commerce Bank now owns 30,775 shares of the company's stock valued at $1,113,000 after buying an additional 921 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Baker Hughes by 20.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 89,488 shares of the company's stock worth $3,235,000 after acquiring an additional 15,172 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

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Baker Hughes Stock Up 0.5 %

Shares of NASDAQ:BKR traded up $0.22 during trading hours on Tuesday, reaching $44.82. The stock had a trading volume of 3,006,753 shares, compared to its average volume of 6,286,726. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 2.00 and a beta of 1.30. The firm's 50 day moving average is $44.96 and its 200-day moving average is $41.50. Baker Hughes has a 1 year low of $30.93 and a 1 year 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 - Get Free Report) last posted 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 return on equity of 14.58% and a net margin of 10.70%. Research analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.05%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKR. JPMorgan Chase & Co. upped their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Benchmark reiterated a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research note on Tuesday, February 11th. Barclays raised their target price on shares of Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group upped 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. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.06.

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.