Charles Schwab Investment Management Inc. Purchases 135,200 Shares of Baker Hughes (NASDAQ:BKR)

Charles Schwab Investment Management Inc. grew its position in Baker Hughes (NASDAQ:BKR) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,086,903 shares of the company’s stock after buying an additional 135,200 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.72% of Baker Hughes worth $290,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its holdings in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes during the third quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Baker Hughes during the 4th quarter valued at about $30,000. True Wealth Design LLC lifted its holdings in shares of Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after purchasing an additional 829 shares in the last quarter. Finally, Groupama Asset Managment grew its position in shares of Baker Hughes by 1,045.1% in the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after purchasing an additional 811,711 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BKR shares. Benchmark reaffirmed a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Tuesday, February 11th. Evercore ISI boosted their price objective 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. Wells Fargo & Company increased their target price on Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Citigroup upped their price objective on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Insider Transactions at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Baker Hughes Price Performance

NASDAQ:BKR opened at $42.32 on Thursday. The stock has a market capitalization of $41.90 billion, a PE ratio of 14.20, a P/E/G ratio of 2.00 and a beta of 1.30. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $44.76 and a 200 day simple moving average of $40.69. Baker Hughes has a 1-year low of $30.41 and a 1-year high of $49.40.

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%. On average, research analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is presently 30.87%.

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.