GTS Securities LLC Sells 88,116 Shares of Baker Hughes (NASDAQ:BKR)

GTS Securities LLC lowered its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 79.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,990 shares of the company's stock after selling 88,116 shares during the quarter. GTS Securities LLC's holdings in Baker Hughes were worth $943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JFS Wealth Advisors LLC raised 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 valued at $27,000 after purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Baker Hughes in the 4th quarter valued at $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 position in shares of Baker Hughes in the 4th quarter valued at $45,000. Finally, OFI Invest Asset Management bought a new position in shares of Baker Hughes during the 4th quarter worth about $47,000. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Up 1.9%

BKR stock traded up $0.68 during midday trading on Thursday, hitting $37.36. The company's stock had a trading volume of 5,823,625 shares, compared to its average volume of 7,076,700. 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 company's fifty day moving average price is $38.26 and its 200 day moving average price is $41.86. The stock has a market capitalization of $37.01 billion, a P/E ratio of 12.54, a PEG ratio of 2.00 and a beta of 0.96. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted 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 14.58% and a net margin of 10.70%. The business had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. As a group, equities research analysts predict that Baker Hughes will post 2.59 EPS for the current 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 2.46%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's dividend payout ratio is presently 31.40%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKR. Morgan Stanley lowered their price objective on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Benchmark reissued a "buy" rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Citigroup dropped 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. Barclays dropped their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, TD Cowen cut 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 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.11.

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.