20,450 Shares in Baker Hughes (NASDAQ:BKR) Bought by Nkcfo LLC

Nkcfo LLC bought a new stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,450 shares of the company's stock, valued at approximately $839,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC grew its holdings in 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 buying an additional 2,811,940 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $107,155,000. Yaupon Capital Management LP purchased a new stake in Baker Hughes during the third quarter worth approximately $47,296,000. Eagle Asset Management Inc. increased its position in shares of Baker Hughes by 18.6% during the third quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company's stock worth $198,326,000 after purchasing an additional 860,219 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in 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 purchasing an additional 817,227 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

NASDAQ:BKR traded down $0.09 during mid-day trading on Wednesday, hitting $46.89. 5,055,874 shares of the company's stock traded hands, compared to its average volume of 7,606,283. The firm has a market capitalization of $46.43 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39. Baker Hughes has a 12 month low of $28.66 and a 12 month high of $49.40. The firm has a 50 day moving average of $44.03 and a two-hundred day moving average of $39.99. 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 posted its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts forecast that Baker Hughes will post 2.58 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a $0.23 dividend. The ex-dividend date is 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 1.96%. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction that occurred 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 owns 173,302 shares in the company, 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 SEC, which is accessible through this link. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BKR shares. Barclays increased their target price 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. Piper Sandler boosted their price target on Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their price objective on Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. TD Cowen cut their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price objective on Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average 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.