FIL Ltd Has $657.80 Million Stake in Baker Hughes (NASDAQ:BKR)

FIL Ltd lessened its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 17.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,036,161 shares of the company's stock after selling 3,472,273 shares during the period. FIL Ltd owned 1.62% of Baker Hughes worth $657,803,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BKR. Dynasty Wealth Management LLC increased its stake in shares of 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 acquiring an additional 207 shares during the period. Larson Financial Group LLC increased its position in shares of Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares during the period. Alpine Woods Capital Investors LLC raised its stake in shares of Baker Hughes by 0.7% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after buying an additional 267 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Baker Hughes by 9.3% in the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after buying an additional 269 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in Baker Hughes by 1.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock valued at $923,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

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Baker Hughes Stock Up 3.5 %

Shares of NASDAQ BKR traded up $1.27 during mid-day trading on Friday, reaching $37.93. The company had a trading volume of 9,066,382 shares, compared to its average volume of 6,888,552. 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 twelve month low of $30.93 and a twelve month high of $49.40. The stock's 50 day moving average is $43.23 and its 200-day moving average is $42.07. The stock has a market capitalization of $37.55 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 anticipate 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 paid a $0.23 dividend. The ex-dividend date was Tuesday, February 11th. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.43%. Baker Hughes's payout ratio is 30.87%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction 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 trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of research analyst reports. Susquehanna upped their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company a "positive" rating in a report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Barclays reduced their price objective on Baker Hughes from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Jefferies Financial Group boosted their target price on Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Bank of America increased their price target on Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.18.

About Baker Hughes

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.