Baker Hughes (NASDAQ:BKR) Shares Acquired by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC increased its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,742 shares of the company's stock after buying an additional 6,383 shares during the period. Baker Hughes accounts for about 3.1% of Minneapolis Portfolio Management Group LLC's portfolio, making the stock its 18th largest position. Minneapolis Portfolio Management Group LLC owned 0.06% of Baker Hughes worth $23,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKR. Raymond James Financial Inc. purchased a new position in Baker Hughes during the fourth quarter valued at approximately $291,289,000. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Baker Hughes by 34.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock valued at $394,775,000 after acquiring an additional 2,811,940 shares during the period. Congress Asset Management Co. bought a new position in shares of Baker Hughes in the 4th quarter worth $107,155,000. Yaupon Capital Management LP bought a new position in shares of Baker Hughes in the 3rd quarter worth $47,296,000. Finally, Natixis Advisors LLC lifted its stake in shares of Baker Hughes by 217.5% during the 4th quarter. Natixis Advisors LLC now owns 1,728,450 shares of the company's stock worth $70,901,000 after purchasing an additional 1,184,036 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

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Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded up $0.58 during trading on Tuesday, hitting $45.18. The stock had a trading volume of 7,541,276 shares, compared to its average volume of 6,270,701. The stock has a 50-day simple moving average of $44.97 and a two-hundred day simple moving average of $41.58. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.04%. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes's dividend payout ratio is presently 30.87%.

Analyst Ratings Changes

Several equities analysts have issued reports on BKR shares. JPMorgan Chase & Co. lifted their target price on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Susquehanna increased their target price 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. Evercore ISI lifted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada upped their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and a consensus price target of $51.06.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business'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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Baker Hughes Company 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.