Baker Hughes (NASDAQ:BKR) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in Baker Hughes (NASDAQ:BKR - Free Report) by 516.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,535 shares of the company's stock after purchasing an additional 154,618 shares during the quarter. Commonwealth Equity Services LLC's holdings in Baker Hughes were worth $7,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKR. Raymond James Financial Inc. acquired a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $291,289,000. Hotchkis & Wiley Capital Management LLC grew its holdings in 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 buying an additional 2,811,940 shares in the last quarter. Congress Asset Management Co. acquired a new stake in shares of Baker Hughes in the 4th quarter worth $107,155,000. Yaupon Capital Management LP acquired a new stake in shares of Baker Hughes in the 3rd quarter worth $47,296,000. Finally, Eagle Asset Management Inc. boosted its position in shares of Baker Hughes by 18.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company's stock valued at $198,326,000 after acquiring an additional 860,219 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the 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 $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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Baker Hughes Stock Up 1.1 %

Shares of BKR traded up $0.49 during midday trading on Monday, hitting $44.60. The company had a trading volume of 9,528,585 shares, compared to its average volume of 6,292,886. The company's 50-day simple moving average is $44.97 and its 200-day simple moving average is $41.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a market capitalization of $44.16 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.00 and a beta of 1.30.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's payout ratio is presently 30.87%.

Analyst Upgrades and Downgrades

BKR has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Bank of America increased 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. TD Cowen reduced their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. 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 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.