Amundi Has $612.64 Million Stake in Baker Hughes (NASDAQ:BKR)

Amundi trimmed its stake in Baker Hughes (NASDAQ:BKR) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,103,056 shares of the company’s stock after selling 1,167,894 shares during the period. Amundi owned about 1.43% of Baker Hughes worth $612,637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BKR. Farther Finance Advisors LLC boosted its position in Baker Hughes by 51.1% during the third quarter. Farther Finance Advisors LLC now owns 3,574 shares of the company’s stock valued at $129,000 after acquiring an additional 1,208 shares during the last quarter. QRG Capital Management Inc. boosted its position in Baker Hughes by 5.8% during the third quarter. QRG Capital Management Inc. now owns 42,175 shares of the company’s stock valued at $1,525,000 after acquiring an additional 2,305 shares during the last quarter. Graypoint LLC boosted its position in Baker Hughes by 3.0% during the third quarter. Graypoint LLC now owns 10,288 shares of the company’s stock valued at $372,000 after acquiring an additional 301 shares during the last quarter. Principal Financial Group Inc. boosted its position in Baker Hughes by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company’s stock valued at $42,580,000 after acquiring an additional 47,727 shares during the last quarter. Finally, AIA Group Ltd boosted its position in Baker Hughes by 4.2% during the third quarter. AIA Group Ltd now owns 43,350 shares of the company’s stock valued at $1,567,000 after acquiring an additional 1,738 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on BKR. Evercore ISI upped their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Stifel Nicolaus increased their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. TD Cowen cut their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Atb Cap Markets cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Benchmark reissued a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes Trading Up 2.4 %

Shares of BKR stock opened at $42.89 on Friday. The company’s fifty day simple moving average is $44.82 and its two-hundred day simple moving average is $40.76. 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 1 year low of $30.44 and a 1 year high of $49.40. The stock has a market capitalization of $42.47 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.00 and a beta of 1.30.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (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%. As a group, analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s payout ratio is 30.87%.

Insider Activity

In related 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. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

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.