Natixis Advisors L.P. Has $18.36 Million Position in Baker Hughes (NASDAQ:BKR)

Natixis Advisors L.P. lessened its holdings in shares of Baker Hughes (NASDAQ:BKR) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,236 shares of the company’s stock after selling 14,582 shares during the period. Natixis Advisors L.P. owned approximately 0.05% of Baker Hughes worth $18,362,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BKR. FMR LLC raised its holdings in shares of Baker Hughes by 16.8% in the third quarter. FMR LLC now owns 16,078,162 shares of the company’s stock valued at $567,881,000 after purchasing an additional 2,316,638 shares during the last quarter. AQR Capital Management LLC lifted its position in Baker Hughes by 846.7% during the 3rd quarter. AQR Capital Management LLC now owns 2,378,976 shares of the company’s stock worth $84,025,000 after buying an additional 2,127,675 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its position in Baker Hughes by 348.2% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,324,511 shares of the company’s stock worth $79,452,000 after buying an additional 1,805,870 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Baker Hughes by 165.9% during the 3rd quarter. Royal Bank of Canada now owns 2,228,646 shares of the company’s stock worth $78,716,000 after buying an additional 1,390,574 shares during the last quarter. Finally, Nordea Investment Management AB grew 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 valued at $49,732,000 after acquiring an additional 1,283,296 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BKR. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Wednesday, April 24th. Wolfe Research lowered shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 29th. The Goldman Sachs Group lifted their price objective on shares of Baker Hughes from $36.00 to $38.00 in a research report on Tuesday, April 23rd. Susquehanna reiterated a “positive” rating and issued a $40.00 target price on shares of Baker Hughes in a research note on Monday, April 8th. Finally, Morgan Stanley boosted their price target on Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $40.94.

Baker Hughes Stock Performance

NASDAQ BKR opened at $31.92 on Monday. The firm has a 50-day moving average price of $32.35 and a two-hundred day moving average price of $32.41. Baker Hughes has a 12-month low of $26.96 and a 12-month high of $37.58. The company has a market capitalization of $31.95 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.55 and a beta of 1.44. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

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

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, May 3rd. Baker Hughes’s payout ratio is presently 46.93%.

Insider Transactions at Baker Hughes

In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the firm’s stock in a transaction 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 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 document filed with the SEC, which is available at the SEC website. In other news, SVP James E. Apostolides sold 10,000 shares of the company’s 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 in the company, valued at $425,437.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Apostolides sold 5,000 shares of the firm’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 directly owns 14,998 shares in the company, 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 Company 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.