BNP Paribas Asset Management Holding S.A. Has $96.01 Million Stock Position in Baker Hughes (NASDAQ:BKR)

BNP Paribas Asset Management Holding S.A. increased its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,808,842 shares of the company's stock after acquiring an additional 174,226 shares during the period. BNP Paribas Asset Management Holding S.A. owned approximately 0.28% of Baker Hughes worth $96,006,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new stake in Baker Hughes in the fourth quarter valued at approximately $33,000. Montag A & Associates Inc. raised its position in Baker Hughes by 100.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company's stock valued at $34,000 after purchasing an additional 500 shares during the period. Rational Advisors LLC raised its position in Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company's stock valued at $44,000 after purchasing an additional 382 shares during the period. Clearstead Advisors LLC raised its position in Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company's stock valued at $54,000 after purchasing an additional 421 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Baker Hughes in the third quarter valued at approximately $76,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of analyst reports. Citigroup lowered 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 note on Friday, January 26th. Barclays reduced their price target on shares of Baker Hughes from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. Benchmark restated a "buy" rating and set a $40.00 price objective on shares of Baker Hughes in a research report on Wednesday, April 24th. 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 target price on shares of Baker Hughes in a research note on Thursday, February 1st. 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, Baker Hughes has an average rating of "Moderate Buy" and a consensus target price of $40.94.

Insider Transactions at Baker Hughes

In related news, SVP James E. Apostolides sold 10,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 14,451 shares of the company's stock, valued at $425,437.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of Baker Hughes 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 completion of the transaction, the senior vice president now directly owns 14,451 shares of the company's stock, valued at $425,437.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction 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 transaction, the senior vice president now directly owns 14,998 shares of the company's stock, valued at $508,132.24. The disclosure for this sale can be found here. Company insiders own 0.25% of the company's stock.

Baker Hughes Stock Performance

NASDAQ:BKR traded down $0.35 during trading hours on Monday, hitting $33.11. 6,124,672 shares of the company traded hands, compared to its average volume of 8,254,486. Baker Hughes has a twelve month low of $26.96 and a twelve month high of $37.58. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.58 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $32.89 and a 200 day moving average of $32.24.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results 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 in the prior year, the firm earned $0.28 EPS. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Baker Hughes will post 2.08 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.84 annualized dividend and a yield of 2.54%. Baker Hughes's dividend payout ratio (DPR) 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.