Baker Hughes Company (NASDAQ:BKR) Shares Sold by Brown Advisory Inc.

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

A number of other institutional investors have also recently modified their holdings of BKR. Wayfinding Financial LLC purchased a new stake in shares of Baker Hughes in the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC raised its holdings in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after purchasing an additional 216 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after purchasing an additional 604 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after purchasing an additional 320 shares during the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Stock Performance

BKR stock traded up $0.94 during mid-day trading on Friday, reaching $40.65. The company had a trading volume of 2,504,844 shares, compared to its average volume of 7,179,090. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $40.27 billion, a P/E ratio of 13.85, a P/E/G ratio of 4.25 and a beta of 0.91. Baker Hughes Company has a one year low of $32.25 and a one year high of $49.40. The stock's 50-day simple moving average is $37.99 and its two-hundred day simple moving average is $40.99.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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. Research analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BKR. Citigroup reduced their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. TD Securities dropped 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. Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the company a "buy" rating in a research note on Thursday, April 24th. TD Cowen dropped 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, The Goldman Sachs Group dropped their target price on Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.