Becker Capital Management Inc. Has $25.44 Million Position in Baker Hughes (NASDAQ:BKR)

Becker Capital Management Inc. reduced its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,143 shares of the company's stock after selling 25,702 shares during the period. Becker Capital Management Inc. owned 0.06% of Baker Hughes worth $25,438,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. JFS Wealth Advisors LLC grew its stake in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC raised its stake in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Baker Hughes during the fourth quarter valued at approximately $45,000. Finally, OFI Invest Asset Management bought a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $47,000. Institutional investors own 92.06% of the company's stock.

Baker Hughes Trading Up 2.5 %

Shares of NASDAQ:BKR traded up $0.91 during midday trading on Friday, hitting $37.10. The company had a trading volume of 7,292,433 shares, compared to its average volume of 6,936,980. 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 has a 12 month low of $30.93 and a 12 month high of $49.40. The firm has a fifty day simple moving average of $40.44 and a 200 day simple moving average of $42.00. The stock has a market cap of $36.73 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BKR shares. Susquehanna dropped their price objective on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company raised their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. TD Securities lowered their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.11.

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.