Swiss National Bank Sells 101,100 Shares of Baker Hughes (NASDAQ:BKR)

Swiss National Bank trimmed its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,155,120 shares of the company's stock after selling 101,100 shares during the period. Swiss National Bank owned about 0.31% of Baker Hughes worth $107,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its holdings in Baker Hughes by 16.8% in the 3rd 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. AQR Capital Management LLC lifted its stake in Baker Hughes by 846.7% during the third quarter. AQR Capital Management LLC now owns 2,378,976 shares of the company's stock worth $84,025,000 after purchasing an additional 2,127,675 shares during the period. Alphinity Investment Management Pty Ltd boosted its holdings in Baker Hughes by 348.2% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,324,511 shares of the company's stock valued at $79,452,000 after purchasing an additional 1,805,870 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Baker Hughes by 165.9% in the 3rd quarter. Royal Bank of Canada now owns 2,228,646 shares of the company's stock valued at $78,716,000 after purchasing an additional 1,390,574 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Baker Hughes by 731.1% in the 4th quarter. Nordea Investment Management AB now owns 1,458,833 shares of the company's stock worth $49,732,000 after buying an additional 1,283,296 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

Insider Activity

In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares of the company's stock, valued at $508,132.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James E. Apostolides sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company's stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of analyst reports. TD Cowen lifted their price objective on Baker Hughes from $46.00 to $49.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. The Goldman Sachs Group raised their price objective on shares of Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Morgan Stanley lifted their target price on shares of Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Royal Bank of Canada restated an "outperform" rating and set a $39.00 price target on shares of Baker Hughes in a research report on Thursday, February 1st. Finally, Barclays cut their price objective on Baker Hughes from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.94.

Baker Hughes Trading Up 0.6 %

BKR traded up $0.20 during midday trading on Friday, reaching $31.92. 3,701,570 shares of the company were exchanged, compared to its average volume of 6,190,016. The stock has a market capitalization of $31.95 billion, a P/E ratio of 17.83, a PEG ratio of 0.55 and a beta of 1.44. Baker Hughes has a one year low of $26.96 and a one year high of $37.58. The stock's 50-day simple moving average is $32.35 and its 200 day simple moving average is $32.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the firm earned $0.28 EPS. Baker Hughes's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, analysts forecast that Baker Hughes will post 2.08 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, May 3rd. Baker Hughes's dividend payout ratio is currently 46.93%.

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.