Empower Advisory Group LLC Has $86.59 Million Position in Baker Hughes (NASDAQ:BKR)

Empower Advisory Group LLC raised its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,110,969 shares of the company's stock after acquiring an additional 39,793 shares during the quarter. Empower Advisory Group LLC owned approximately 0.21% of Baker Hughes worth $86,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKR. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock worth $394,775,000 after purchasing an additional 2,811,940 shares in the last quarter. Congress Asset Management Co. acquired a new position in Baker Hughes during the fourth quarter worth $107,155,000. Yaupon Capital Management LP bought a new stake in Baker Hughes during the third quarter worth $47,296,000. Eagle Asset Management Inc. lifted its stake in Baker Hughes by 18.6% in the third 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. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Baker Hughes by 436.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,004,647 shares of the company's stock valued at $36,318,000 after acquiring an additional 817,227 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKR has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Barclays raised their target price on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. 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 note on Monday, February 3rd. Finally, Citigroup lifted their price objective on Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.06.

Baker Hughes Trading Down 2.7 %

BKR traded down $1.29 during midday trading on Friday, hitting $45.62. 7,898,740 shares of the company were exchanged, compared to its average volume of 7,528,701. The firm's 50 day moving average price is $44.28 and its 200-day moving average price is $40.16. Baker Hughes has a 1-year low of $28.88 and a 1-year high of $49.40. The firm has a market capitalization of $45.17 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.06 and a beta of 1.39. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

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

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a $0.23 dividend. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, February 11th. Baker Hughes's dividend payout ratio is currently 30.87%.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the business'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 transaction, the executive vice president now directly owns 173,302 shares of the company's stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

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.