Advisors Asset Management Inc. Has $4.10 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Advisors Asset Management Inc. raised its position in Baker Hughes (NASDAQ:BKR - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,942 shares of the company's stock after acquiring an additional 10,454 shares during the quarter. Advisors Asset Management Inc.'s holdings in Baker Hughes were worth $4,100,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have issued reports on BKR. The Goldman Sachs Group raised 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. Jefferies Financial Group boosted their price target on Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. TD Cowen reduced their target price on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Barclays upped their price target 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. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.06.

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Insider Activity

In related news, EVP Maria C. Borras sold 8,000 shares of the firm'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 completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company's stock.

Baker Hughes Price Performance

BKR stock traded up $0.58 during trading on Tuesday, reaching $45.18. 7,539,326 shares of the company were exchanged, compared to its average volume of 6,286,726. The company has a market capitalization of $44.73 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 2.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The company has a 50-day moving average of $44.96 and a two-hundred day moving average of $41.50. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend 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 (DPR) is presently 30.87%.

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.