Baker Hughes (NASDAQ:BKR) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 61.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,196 shares of the company's stock after selling 8,448 shares during the quarter. Blue Trust Inc.'s holdings in Baker Hughes were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its position in Baker Hughes by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 832,481 shares of the company's stock valued at $34,148,000 after acquiring an additional 16,715 shares in the last quarter. Supplemental Annuity Collective Trust of NJ bought a new stake in Baker Hughes during the 4th quarter valued at $205,000. Compagnie Lombard Odier SCmA bought a new stake in Baker Hughes during the 4th quarter valued at $205,000. Avestar Capital LLC boosted its position in Baker Hughes by 11.0% during the 4th quarter. Avestar Capital LLC now owns 7,844 shares of the company's stock valued at $322,000 after acquiring an additional 775 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Baker Hughes by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,541,076 shares of the company's stock valued at $230,271,000 after acquiring an additional 45,324 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the company'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 transaction, the executive vice president now owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore ISI raised their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Stifel Nicolaus raised their price objective on Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Susquehanna raised their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised 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. Finally, Jefferies Financial Group raised their price objective on Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $51.06.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded down $1.45 during trading on Friday, reaching $45.46. 3,233,149 shares of the company traded hands, compared to its average volume of 7,383,589. The firm's fifty day simple moving average is $44.21 and its 200 day simple moving average is $40.09. The stock has a market cap of $45.01 billion, a P/E ratio of 15.25, a PEG ratio of 2.06 and a beta of 1.39. Baker Hughes has a 12-month low of $28.88 and a 12-month high of $49.40. 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 (NASDAQ:BKR - Get Free Report) last released 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 return on equity of 14.58% and a net margin of 10.70%. As a group, research analysts anticipate 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 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. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.02%. Baker Hughes's dividend payout ratio is presently 30.87%.

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.