Baker Hughes (NASDAQ:BKR) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 60.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,493 shares of the company's stock after selling 89,125 shares during the quarter. Intech Investment Management LLC's holdings in Baker Hughes were worth $2,399,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in Baker Hughes in the fourth quarter valued at approximately $640,000. Burney Co. boosted its holdings in shares of Baker Hughes by 315.0% in the 4th quarter. Burney Co. now owns 138,788 shares of the company's stock valued at $5,693,000 after purchasing an additional 105,349 shares during the last quarter. Northstar Advisory Group LLC purchased a new stake in shares of Baker Hughes during the 4th quarter valued at $1,180,000. Artemis Investment Management LLP increased its holdings 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 worth $43,233,000 after buying an additional 239,773 shares during the last quarter. Finally, Czech National Bank raised its position in shares of 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. Institutional investors and hedge funds own 92.06% of the company's stock.

Analysts Set New Price Targets

BKR has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Atb Cap Markets cut shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Evercore ISI increased their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. 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. Finally, JPMorgan Chase & Co. upped their price target 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. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.06.

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Insider Buying and Selling 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 stock was 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 approximately $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 SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded up $0.58 during trading on Tuesday, reaching $45.18. The stock had a trading volume of 7,541,276 shares, compared to its average volume of 6,286,726. The firm's 50 day moving average price is $44.96 and its two-hundred day moving average price is $41.50. Baker Hughes has a one year low of $30.93 and a one year high of $49.40. The stock has a market cap of $44.73 billion, a PE ratio of 15.16, a P/E/G ratio of 2.00 and a beta of 1.30. 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 (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, 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, research analysts forecast 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 issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.04%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio (DPR) 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.