Dean Investment Associates LLC Sells 2,208 Shares of Baker Hughes (NASDAQ:BKR)

Dean Investment Associates LLC lessened its holdings in shares of Baker Hughes (NASDAQ:BKR) by 2.9% in the third quarter, Holdings Channel.com reports. The fund owned 73,049 shares of the company’s stock after selling 2,208 shares during the period. Dean Investment Associates LLC’s holdings in Baker Hughes were worth $2,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC grew its stake in Baker Hughes by 34.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock worth $394,775,000 after purchasing an additional 2,811,940 shares during the period. Dimensional Fund Advisors LP grew its stake in Baker Hughes by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company’s stock worth $348,074,000 after purchasing an additional 680,621 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Baker Hughes by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company’s stock worth $348,233,000 after purchasing an additional 145,537 shares during the period. Legal & General Group Plc grew its stake in Baker Hughes by 8.6% in the second quarter. Legal & General Group Plc now owns 8,723,388 shares of the company’s stock worth $306,801,000 after purchasing an additional 692,859 shares during the period. Finally, American Century Companies Inc. grew its stake in Baker Hughes by 3.1% in the second quarter. American Century Companies Inc. now owns 8,274,250 shares of the company’s stock worth $291,005,000 after purchasing an additional 248,122 shares during the period. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 2.8 %

BKR stock opened at $41.31 on Monday. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.17. The business’s 50-day moving average is $40.07 and its two-hundred day moving average is $36.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. The company has a market cap of $40.88 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 0.72 and a beta of 1.40.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. Baker Hughes’s revenue was up 4.0% on a year-over-year basis. As a group, analysts forecast that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is currently 37.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BKR shares. Citigroup increased their target price on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Susquehanna increased their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their target price on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Morgan Stanley increased their target price on Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised Baker Hughes from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $42.00 in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.76.

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.