Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,856 Shares of Baker Hughes (NASDAQ:BKR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,403 shares of the company's stock after selling 5,856 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Baker Hughes were worth $8,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKR. JFS Wealth Advisors LLC increased its position in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes during the 4th quarter valued at $30,000. Larson Financial Group LLC lifted its holdings in shares of Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after buying an additional 829 shares during the period. Finally, Groupama Asset Managment grew its holdings in shares of Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock valued at $32,000 after buying an additional 811,711 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

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Insider Transactions at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

BKR has been the subject of several research analyst reports. Barclays increased their price objective on Baker Hughes from $51.00 to $55.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. TD Cowen lowered their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Benchmark restated a "buy" rating and set a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Baker Hughes currently has a consensus rating of "Moderate Buy" and an average target price of $51.06.

Baker Hughes Stock Performance

Shares of Baker Hughes stock traded up $0.58 on Tuesday, reaching $45.18. The stock had a trading volume of 7,541,276 shares, compared to its average volume of 6,275,394. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The business's 50-day moving average price is $44.97 and its two-hundred day moving average price is $41.58. The stock has a market cap of $44.73 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share 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%. On average, sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current 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 given a $0.23 dividend. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.04%. The ex-dividend date was Tuesday, February 11th. Baker Hughes's payout ratio is currently 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.