Baker Hughes (NASDAQ:BKR) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lowered its holdings in Baker Hughes (NASDAQ:BKR) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,981 shares of the company’s stock after selling 865 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Baker Hughes were worth $1,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of Baker Hughes by 0.6% in the fourth quarter. Capital Research Global Investors now owns 27,687,590 shares of the company’s stock worth $1,135,744,000 after acquiring an additional 177,232 shares during the period. Geode Capital Management LLC grew its position in Baker Hughes by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock valued at $1,004,212,000 after buying an additional 465,832 shares during the period. Norges Bank acquired a new stake in Baker Hughes during the fourth quarter valued at $829,092,000. FMR LLC grew its position in Baker Hughes by 12.5% during the fourth quarter. FMR LLC now owns 15,702,057 shares of the company’s stock valued at $644,098,000 after buying an additional 1,744,225 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Baker Hughes by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company’s stock valued at $473,880,000 after buying an additional 874,297 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BKR shares. Susquehanna dropped their price target on shares of Baker Hughes from $48.00 to $46.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Barclays dropped their price target on shares of Baker Hughes from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group raised their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup dropped their price target on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.11.

Baker Hughes Trading Up 1.5%

Shares of BKR stock opened at $38.18 on Wednesday. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The firm’s 50 day moving average price is $39.56 and its two-hundred day moving average price is $42.04.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.41%. Baker Hughes’s dividend payout ratio (DPR) is 31.40%.

Baker Hughes 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.