First Horizon Advisors Inc. Sells 3,999 Shares of Baker Hughes (NASDAQ:BKR)

First Horizon Advisors Inc. cut its position in shares of Baker Hughes (NASDAQ:BKR) by 39.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,234 shares of the company’s stock after selling 3,999 shares during the quarter. First Horizon Advisors Inc.’s holdings in Baker Hughes were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Baker Hughes by 16.8% during 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. Northern Trust Corp boosted its stake in Baker Hughes by 4.0% in the 3rd quarter. Northern Trust Corp now owns 9,816,785 shares of the company’s stock worth $346,729,000 after purchasing an additional 379,385 shares in the last quarter. Morgan Stanley grew its position in Baker Hughes by 8.6% during the 3rd quarter. Morgan Stanley now owns 9,445,847 shares of the company’s stock valued at $333,627,000 after purchasing an additional 745,511 shares during the last quarter. Invesco Ltd. grew its position in Baker Hughes by 11.5% during the 3rd quarter. Invesco Ltd. now owns 8,044,420 shares of the company’s stock valued at $284,129,000 after purchasing an additional 829,245 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Baker Hughes by 2.4% during the 3rd quarter. Van ECK Associates Corp now owns 7,214,165 shares of the company’s stock valued at $254,804,000 after purchasing an additional 170,140 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Trading Down 0.0 %

Shares of Baker Hughes stock opened at $31.92 on Monday. Baker Hughes has a 1-year low of $26.96 and a 1-year high of $37.58. The company’s fifty day simple moving average is $32.35 and its 200-day simple moving average is $32.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84. The stock has a market capitalization of $31.95 billion, a PE ratio of 17.83, a P/E/G ratio of 0.55 and a beta of 1.44.

Baker Hughes (NASDAQ:BKR) last announced its 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. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm earned $0.28 EPS. Baker Hughes’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Baker Hughes will post 2.08 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.63%. Baker Hughes’s dividend payout ratio (DPR) is presently 46.93%.

Insider Buying and Selling

In other news, 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the transaction, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at approximately $425,437.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, 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. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wolfe Research cut shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. TD Cowen lifted their target price on Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. UBS Group boosted their price target on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Barclays dropped their price objective on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Finally, The Goldman Sachs Group boosted their target price on Baker Hughes from $36.00 to $38.00 in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.94.

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.