New York State Teachers Retirement System Buys 16,715 Shares of Baker Hughes (NASDAQ:BKR)

New York State Teachers Retirement System lifted its position in Baker Hughes (NASDAQ:BKR - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 832,481 shares of the company's stock after buying an additional 16,715 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Baker Hughes worth $34,148,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Baker Hughes by 34.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock valued at $394,775,000 after acquiring an additional 2,811,940 shares in the last quarter. Yaupon Capital Management LP acquired a new stake in shares of Baker Hughes in the third quarter worth $47,296,000. Eagle Asset Management Inc. lifted its stake in shares of Baker Hughes by 18.6% in the third quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company's stock worth $198,326,000 after buying an additional 860,219 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Baker Hughes by 436.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,004,647 shares of the company's stock worth $36,318,000 after buying an additional 817,227 shares during the period. Finally, Groupama Asset Managment grew its stake in Baker Hughes by 1,045.1% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Baker Hughes Price Performance

Baker Hughes stock traded down $0.09 on Wednesday, reaching $46.89. The company's stock had a trading volume of 5,053,180 shares, compared to its average volume of 7,606,050. The business's fifty day moving average price is $44.03 and its 200 day moving average price is $39.99. 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 $28.66 and a twelve month high of $49.40. The company has a market cap of $46.43 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 2.04 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts expect that Baker Hughes will post 2.58 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio is 30.87%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKR. Barclays upped their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Citigroup boosted their price objective on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Jefferies Financial Group boosted their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus raised their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.06.

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.