Brown Advisory Inc. Cuts Stake in Baker Hughes (NASDAQ:BKR)

Brown Advisory Inc. lessened its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,481,000 shares of the company's stock after selling 53,887 shares during the quarter. Brown Advisory Inc. owned about 0.25% of Baker Hughes worth $101,771,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised its position in shares of Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after buying an additional 386 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Baker Hughes during the fourth quarter valued at $30,000. Larson Financial Group LLC increased its holdings in 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 acquiring an additional 216 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Baker Hughes in the 4th quarter worth $45,000. Finally, OFI Invest Asset Management bought a new position in shares of Baker Hughes during the 4th quarter valued at about $47,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Stock Up 2.5 %

Shares of NASDAQ:BKR opened at $37.10 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The business has a 50 day simple moving average of $40.44 and a two-hundred day simple moving average of $42.07. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a market capitalization of $36.76 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

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

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's dividend payout ratio is presently 31.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Barclays reduced their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler lowered their target price on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, TD Securities decreased their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

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