Massmutual Trust Co. FSB ADV Has $56,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

Massmutual Trust Co. FSB ADV lowered its holdings in shares of Baker Hughes (NASDAQ:BKR) by 16.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,674 shares of the company’s stock after selling 325 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Baker Hughes were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BKR. Norges Bank acquired a new stake in shares of Baker Hughes in the 4th quarter valued at about $551,555,000. Northern Trust Corp grew its holdings in shares of Baker Hughes by 4.0% during the third quarter. Northern Trust Corp now owns 9,816,785 shares of the company’s stock valued at $346,729,000 after buying an additional 379,385 shares during the last quarter. Morgan Stanley increased its position in shares of Baker Hughes by 8.6% during the third quarter. Morgan Stanley now owns 9,445,847 shares of the company’s stock worth $333,627,000 after acquiring an additional 745,511 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Baker Hughes by 19.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,669,307 shares of the company’s stock worth $296,319,000 after acquiring an additional 1,395,083 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Baker Hughes by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,658,242 shares of the company’s stock valued at $227,579,000 after acquiring an additional 204,839 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Insider Activity at Baker Hughes

In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares of the company’s stock, valued at $508,132.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the transaction, the executive vice president now owns 92,035 shares of the company’s stock, valued at approximately $2,945,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Baker Hughes Trading Down 0.1 %

Shares of BKR stock opened at $32.93 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $37.58. The stock has a market capitalization of $32.86 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.56 and a beta of 1.43. The company’s fifty day simple moving average is $32.37 and its two-hundred day simple moving average is $31.95.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts anticipate that Baker Hughes will post 2.09 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Friday, May 3rd. Baker Hughes’s payout ratio is 46.93%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Susquehanna reissued a “positive” rating and issued a $40.00 price objective on shares of Baker Hughes in a research note on Monday, April 8th. UBS Group raised their price objective on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Morgan Stanley upped their target price on shares of Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. The Goldman Sachs Group raised their price target on shares of Baker Hughes from $36.00 to $38.00 in a research report on Tuesday, April 23rd. Finally, Benchmark restated a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.13.

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.