Brown Advisory Inc. Sells 46,034 Shares of Baker Hughes (NASDAQ:BKR)

Brown Advisory Inc. lowered its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,738,940 shares of the company's stock after selling 46,034 shares during the quarter. Brown Advisory Inc. owned 0.27% of Baker Hughes worth $93,617,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BKR. Commonwealth Equity Services LLC boosted its position in Baker Hughes by 4.2% during the third quarter. Commonwealth Equity Services LLC now owns 24,720 shares of the company's stock valued at $873,000 after buying an additional 1,006 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Baker Hughes by 105.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 44,836 shares of the company's stock valued at $1,584,000 after buying an additional 23,052 shares during the last quarter. Fifth Third Bancorp grew its holdings in Baker Hughes by 75.1% in the 3rd quarter. Fifth Third Bancorp now owns 43,453 shares of the company's stock worth $1,535,000 after acquiring an additional 18,641 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Baker Hughes by 7.8% during the third quarter. New Mexico Educational Retirement Board now owns 52,642 shares of the company's stock valued at $1,859,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Baker Hughes by 2.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 131,196 shares of the company's stock valued at $4,634,000 after purchasing an additional 3,377 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BKR. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of Baker Hughes in a report on Wednesday, April 24th. TD Cowen boosted their target price on shares of Baker Hughes from $46.00 to $49.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $39.00 target price on shares of Baker Hughes in a report on Thursday, February 1st. Morgan Stanley raised their price objective on Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. Finally, Wolfe Research downgraded Baker Hughes from an "outperform" rating to a "peer perform" rating in a report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.94.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded up $0.44 during midday trading on Friday, hitting $33.46. 5,954,624 shares of the company's stock traded hands, compared to its average volume of 6,353,103. The firm has a fifty day moving average of $32.86 and a 200 day moving average of $32.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25. The stock has a market capitalization of $33.39 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 0.57 and a beta of 1.44. Baker Hughes has a 1 year low of $26.96 and a 1 year high of $37.58.

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

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were paid a $0.21 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.51%. Baker Hughes's dividend payout ratio (DPR) is presently 46.93%.

Insider Activity

In related news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares of the company's stock, valued at approximately $508,132.24. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares in the company, valued at approximately $508,132.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 14,451 shares in the company, valued at $425,437.44. The disclosure for this sale can be found here. Insiders own 0.25% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.