Brown Advisory Inc. Sells 1,970,463 Shares of Baker Hughes Company (NASDAQ:BKR)

Brown Advisory Inc. lessened its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 79.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,537 shares of the company's stock after selling 1,970,463 shares during the period. Brown Advisory Inc. owned 0.05% of Baker Hughes worth $22,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in Baker Hughes by 144.6% in the fourth quarter. Jones Financial Companies Lllp now owns 9,069 shares of the company's stock worth $372,000 after purchasing an additional 5,362 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Baker Hughes in the fourth quarter valued at $30,000. Assetmark Inc. increased its stake in shares of Baker Hughes by 17.6% in the fourth quarter. Assetmark Inc. now owns 23,719 shares of the company's stock valued at $973,000 after buying an additional 3,556 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Baker Hughes in the fourth quarter valued at $4,410,000. Finally, PNC Financial Services Group Inc. increased its position in Baker Hughes by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 140,893 shares of the company's stock worth $5,779,000 after purchasing an additional 6,158 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of NASDAQ BKR traded up $0.38 during mid-day trading on Thursday, reaching $39.71. The company had a trading volume of 6,619,119 shares, compared to its average volume of 7,181,712. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 1.34. Baker Hughes Company has a one year low of $32.25 and a one year high of $49.40. The firm has a market cap of $39.34 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 4.32 and a beta of 0.91. The business's 50-day simple moving average is $37.92 and its 200 day simple moving average is $40.99.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. On average, research analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio is presently 31.40%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKR. Morgan Stanley reduced their target price on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Evercore ISI reduced their target price on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reduced their target price on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. 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. Finally, Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the stock a "buy" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.50.

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.