Asset Management One Co. Ltd. Reduces Stock Holdings in Baker Hughes (NASDAQ:BKR)

Asset Management One Co. Ltd. trimmed its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,801 shares of the company's stock after selling 5,471 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Baker Hughes were worth $15,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its stake in Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock worth $394,775,000 after buying an additional 2,811,940 shares in the last quarter. Yaupon Capital Management LP acquired a new position in Baker Hughes during the third quarter worth $47,296,000. Eagle Asset Management Inc. lifted its stake in Baker Hughes by 18.6% during the third quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company's stock worth $198,326,000 after purchasing an additional 860,219 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Baker Hughes by 436.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,004,647 shares of the company's stock worth $36,318,000 after purchasing an additional 817,227 shares in the last quarter. Finally, Groupama Asset Managment lifted its stake in Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after purchasing an additional 811,711 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Stock Down 0.2 %

Shares of NASDAQ BKR traded down $0.09 during midday trading on Wednesday, reaching $46.89. The company's stock had a trading volume of 5,053,180 shares, compared to its average volume of 7,606,050. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a fifty-two week low of $28.66 and a fifty-two week high of $49.40. The stock has a market capitalization of $46.43 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 2.04 and a beta of 1.39. The stock has a 50 day simple moving average of $44.03 and a 200-day simple moving average of $39.99.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Baker Hughes will post 2.58 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be issued a $0.23 dividend. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, February 11th. Baker Hughes's dividend payout ratio (DPR) is currently 30.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BKR. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Bank of America raised their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Susquehanna raised their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company a "positive" rating in a research report on Monday, February 3rd. Barclays lifted their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, 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 report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.06.

Insider Buying and Selling at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company's stock.

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.