Charles Schwab Investment Management Inc. Has $227.58 Million Position in Baker Hughes (NASDAQ:BKR)

Charles Schwab Investment Management Inc. raised its position in Baker Hughes (NASDAQ:BKR - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,658,242 shares of the company's stock after buying an additional 204,839 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of Baker Hughes worth $227,579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in shares of Baker Hughes by 30.5% in the 4th quarter. Apollon Wealth Management LLC now owns 14,082 shares of the company's stock valued at $481,000 after purchasing an additional 3,295 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Baker Hughes by 7.8% in the 4th quarter. Private Advisor Group LLC now owns 11,889 shares of the company's stock valued at $406,000 after purchasing an additional 865 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Baker Hughes by 126.9% in the 4th quarter. National Bank of Canada FI now owns 830,755 shares of the company's stock valued at $28,188,000 after purchasing an additional 464,620 shares in the last quarter. Todd Asset Management LLC acquired a new stake in shares of Baker Hughes in the 4th quarter valued at about $19,999,000. Finally, M&T Bank Corp raised its stake in Baker Hughes by 2.5% during the fourth quarter. M&T Bank Corp now owns 52,125 shares of the company's stock worth $1,781,000 after acquiring an additional 1,260 shares during the period. 92.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP James E. Apostolides sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the completion of the sale, the senior vice president now owns 14,451 shares in the company, valued at approximately $425,437.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP James E. Apostolides sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the completion of the sale, the senior vice president now owns 14,451 shares in the company, valued at approximately $425,437.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James E. Apostolides sold 5,000 shares of the company's stock in a transaction that occurred 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 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 insiders.

Baker Hughes Price Performance

Shares of Baker Hughes stock traded up $0.88 on Thursday, hitting $32.78. The company had a trading volume of 3,816,980 shares, compared to its average volume of 8,440,834. The business has a 50-day simple moving average of $32.49 and a 200-day simple moving average of $32.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84. The company has a market cap of $32.71 billion, a PE ratio of 18.31, a PEG ratio of 0.55 and a beta of 1.44. Baker Hughes has a 52 week low of $26.96 and a 52 week high of $37.58.

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

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, May 3rd. Baker Hughes's payout ratio is 46.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wolfe Research lowered shares of Baker Hughes from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 29th. Susquehanna reiterated a "positive" rating and set a $40.00 price objective on shares of Baker Hughes in a research note on Monday, April 8th. UBS Group increased their price objective on shares of Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Morgan Stanley upped their target price on shares of Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. Finally, Citigroup decreased their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.94.

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.