Fisher Asset Management LLC Sells 53,272 Shares of Baker Hughes (NASDAQ:BKR)

Fisher Asset Management LLC cut its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 782,884 shares of the company's stock after selling 53,272 shares during the period. Fisher Asset Management LLC owned 0.08% of Baker Hughes worth $32,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dynasty Wealth Management LLC lifted its position in Baker Hughes by 2.7% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after purchasing an additional 207 shares in the last quarter. Cromwell Holdings LLC lifted its position in shares of Baker Hughes by 9.3% during the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after buying an additional 269 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Baker Hughes by 3.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company's stock valued at $333,000 after acquiring an additional 273 shares during the period. 180 Wealth Advisors LLC increased its holdings in Baker Hughes by 1.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock worth $923,000 after acquiring an additional 295 shares in the last quarter. Finally, Graypoint LLC raised its stake in Baker Hughes by 3.0% during the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company's stock worth $372,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BKR. Jefferies Financial Group increased their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada raised their price target on Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Bank of America upped their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two investment 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.06.

Baker Hughes Trading Down 2.2 %

Shares of Baker Hughes stock traded down $0.99 on Monday, reaching $43.60. The company had a trading volume of 9,114,289 shares, compared to its average volume of 6,275,385. The firm's 50-day moving average price is $44.62 and its two-hundred day moving average price is $40.57. Baker Hughes has a 1 year low of $29.30 and a 1 year high of $49.40. The firm has a market cap of $43.17 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.70% and a return on equity of 14.58%. As a group, research analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's payout ratio is 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.