Stevens Capital Management LP Has $313,000 Stock Position in Baker Hughes (NASDAQ:BKR)

Stevens Capital Management LP lessened its stake in Baker Hughes (NASDAQ:BKR) by 42.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,622 shares of the company’s stock after selling 5,664 shares during the quarter. Stevens Capital Management LP’s holdings in Baker Hughes were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BKR. Strategic Financial Concepts LLC bought a new position in shares of Baker Hughes in the 4th quarter valued at $640,000. Burney Co. raised its stake in Baker Hughes by 315.0% during the fourth quarter. Burney Co. now owns 138,788 shares of the company’s stock worth $5,693,000 after acquiring an additional 105,349 shares in the last quarter. Northstar Advisory Group LLC bought a new position in shares of Baker Hughes in the fourth quarter worth about $1,180,000. Artemis Investment Management LLP boosted its stake in shares of Baker Hughes by 29.4% in the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company’s stock valued at $43,233,000 after purchasing an additional 239,773 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Baker Hughes by 6.0% during the 4th quarter. Czech National Bank now owns 214,549 shares of the company’s stock valued at $8,801,000 after purchasing an additional 12,178 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

BKR has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price 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. Evercore ISI upped their target price on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Susquehanna lifted their price target on Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a research note on Monday, February 3rd. Bank of America upped their price objective on Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, TD Cowen cut their target price 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. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes Trading Up 1.1 %

NASDAQ:BKR opened at $44.60 on Tuesday. The firm has a fifty day simple moving average of $44.96 and a two-hundred day simple moving average of $41.50. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The stock has a market capitalization of $44.16 billion, a price-to-earnings ratio of 14.97, a PEG 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.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is 30.87%.

About Baker Hughes

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.