Natixis Grows Stake in Baker Hughes (NASDAQ:BKR)

Natixis raised its position in Baker Hughes (NASDAQ:BKR - Free Report) by 264.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,140 shares of the company's stock after purchasing an additional 58,893 shares during the quarter. Natixis' holdings in Baker Hughes were worth $3,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Baker Hughes in the 4th quarter worth approximately $829,092,000. Raymond James Financial Inc. acquired a new position in Baker Hughes during the fourth quarter worth $291,289,000. Neuberger Berman Group LLC boosted its position in shares of Baker Hughes by 2,527.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company's stock worth $136,158,000 after buying an additional 3,193,089 shares during the period. Congress Asset Management Co. purchased a new position in shares of Baker Hughes during the fourth quarter worth $107,155,000. Finally, FMR LLC boosted its position in shares of Baker Hughes by 12.5% during the fourth quarter. FMR LLC now owns 15,702,057 shares of the company's stock worth $644,098,000 after buying an additional 1,744,225 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

Shares of BKR traded up $0.07 during midday trading on Friday, reaching $36.45. 7,102,964 shares of the stock were exchanged, compared to its average volume of 6,900,110. The business's 50-day moving average price is $41.39 and its 200 day moving average price is $42.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The company has a market capitalization of $36.09 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. On average, sell-side analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is presently 31.40%.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on BKR shares. Jefferies Financial Group raised their price target on Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. TD Securities lowered their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group raised their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Benchmark restated a "buy" rating and set a $57.00 price target on shares of Baker Hughes in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their target price on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.11.

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.