Baker Hughes (NASDAQ:BKR) Shares Bought by Aviva PLC

Aviva PLC grew its position in Baker Hughes (NASDAQ:BKR) by 1,461.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 598,714 shares of the company’s stock after purchasing an additional 560,374 shares during the period. Aviva PLC’s holdings in Baker Hughes were worth $24,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Baker Hughes during the 4th quarter valued at about $829,092,000. Raymond James Financial Inc. purchased a new position in shares of Baker Hughes during the 4th quarter worth approximately $291,289,000. Congress Asset Management Co. acquired a new position in shares of Baker Hughes during the 4th quarter worth approximately $107,155,000. Natixis Advisors LLC lifted its stake in Baker Hughes by 217.5% in the 4th quarter. Natixis Advisors LLC now owns 1,728,450 shares of the company’s stock valued at $70,901,000 after buying an additional 1,184,036 shares in the last quarter. Finally, Groupama Asset Managment grew its holdings in Baker Hughes by 1,045.1% during the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after buying an additional 811,711 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BKR. JPMorgan Chase & Co. boosted their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Stifel Nicolaus raised their price target on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Barclays lowered their price target on shares of Baker Hughes from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Benchmark reissued a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their price target on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.00.

Baker Hughes Stock Down 13.3 %

BKR opened at $35.41 on Monday. The company has a market cap of $35.06 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a 50 day moving average price of $44.40 and a 200 day moving average price of $42.07.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Sell-side analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is currently 30.87%.

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.