DekaBank Deutsche Girozentrale Has $10.98 Million Stock Position in Baker Hughes (NASDAQ:BKR)

DekaBank Deutsche Girozentrale lowered its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 324,033 shares of the company's stock after selling 121,682 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Baker Hughes were worth $10,982,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BKR. State Street Corp lifted its holdings in shares of Baker Hughes by 0.5% during the 1st quarter. State Street Corp now owns 67,473,141 shares of the company's stock worth $1,947,274,000 after acquiring an additional 365,013 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Baker Hughes by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 21,391,034 shares of the company's stock worth $615,984,000 after acquiring an additional 495,677 shares during the period. FMR LLC raised its holdings in Baker Hughes by 16.8% in the third quarter. FMR LLC now owns 16,078,162 shares of the company's stock valued at $567,881,000 after buying an additional 2,316,638 shares during the period. Northern Trust Corp raised its holdings in Baker Hughes by 4.0% in the third quarter. Northern Trust Corp now owns 9,816,785 shares of the company's stock valued at $346,729,000 after buying an additional 379,385 shares during the period. Finally, Morgan Stanley raised its holdings in Baker Hughes by 8.6% in the third quarter. Morgan Stanley now owns 9,445,847 shares of the company's stock valued at $333,627,000 after buying an additional 745,511 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

BKR has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and issued a $39.00 price target on shares of Baker Hughes in a report on Thursday, February 1st. Susquehanna restated a "positive" rating and issued a $40.00 price target on shares of Baker Hughes in a report on Monday. Citigroup cut their price target on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 26th. Barclays dropped their price objective on shares of Baker Hughes from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, January 26th. Finally, Wolfe Research cut shares of Baker Hughes from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and a consensus price target of $40.87.

Baker Hughes Stock Down 0.1 %

Shares of NASDAQ:BKR traded down $0.04 during midday trading on Wednesday, reaching $34.15. The company had a trading volume of 4,281,087 shares, compared to its average volume of 9,105,240. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.86. The stock's fifty day moving average price is $31.18 and its 200-day moving average price is $32.71. The stock has a market capitalization of $34.18 billion, a P/E ratio of 17.88, a PEG ratio of 0.71 and a beta of 1.42. Baker Hughes has a one year low of $26.81 and a one year high of $37.58.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.93 billion. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Equities research analysts expect that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.21 per share. This is a positive change from Baker Hughes's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.84 annualized dividend and a yield of 2.46%. Baker Hughes's payout ratio is presently 43.98%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James E. Apostolides sold 10,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total transaction of $294,400.00. Following the sale, the senior vice president now owns 14,451 shares of the company's stock, valued at approximately $425,437.44. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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.