Groupama Asset Managment Grows Stake in Baker Hughes (NASDAQ:BKR)

Groupama Asset Managment raised its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,057,363 shares of the company's stock after buying an additional 167,985 shares during the period. Groupama Asset Managment owned about 0.11% of Baker Hughes worth $43,288,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in Baker Hughes during the 4th quarter worth approximately $640,000. Burney Co. increased its stake in shares of Baker Hughes by 315.0% in the fourth quarter. Burney Co. now owns 138,788 shares of the company's stock worth $5,693,000 after purchasing an additional 105,349 shares in the last quarter. Northstar Advisory Group LLC bought a new stake in shares of Baker Hughes during the 4th quarter valued at $1,180,000. Artemis Investment Management LLP lifted its stake in shares of Baker Hughes by 29.4% during the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company's stock valued at $43,233,000 after buying an additional 239,773 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Baker Hughes by 6.0% in the 4th quarter. Czech National Bank now owns 214,549 shares of the company's stock worth $8,801,000 after buying an additional 12,178 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BKR. Bank of America boosted their price objective on Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. Barclays lowered their target price on shares of Baker Hughes from $55.00 to $54.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Finally, Atb Cap Markets cut shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

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Baker Hughes Trading Down 13.3 %

Shares of NASDAQ BKR traded down $5.45 during trading hours on Friday, hitting $35.41. 20,972,174 shares of the company traded hands, compared to its average volume of 6,692,906. The stock has a market capitalization of $35.06 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. The company's 50 day moving average price is $44.40 and its 200 day moving average price is $42.02. Baker Hughes has a 12 month low of $30.93 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 announced its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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, equities 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 announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's payout ratio is 30.87%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company's stock.

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.