Kesler Norman & Wride LLC Purchases Shares of 24,652 Baker Hughes (NASDAQ:BKR)

Kesler Norman & Wride LLC purchased a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,652 shares of the company's stock, valued at approximately $1,011,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKR. Dynasty Wealth Management LLC increased its stake in shares of Baker Hughes by 2.7% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after acquiring an additional 207 shares during the period. Larson Financial Group LLC grew its position in shares of Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after acquiring an additional 216 shares during the period. Alpine Woods Capital Investors LLC boosted its position in Baker Hughes by 0.7% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after purchasing an additional 267 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of Baker Hughes by 9.3% in the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after buying an additional 269 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its position in Baker Hughes by 1.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock worth $923,000 after acquiring an additional 295 shares during the period. 92.06% of the stock is owned by hedge funds and other institutional investors.

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Baker Hughes Stock Performance

BKR stock traded down $5.45 on Friday, hitting $35.41. The company's stock had a trading volume of 20,972,174 shares, compared to its average volume of 6,692,906. 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 stock has a market cap of $35.06 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a 50 day moving average of $44.40 and a two-hundred day moving average of $42.02.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities analysts predict 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. Investors of record on Tuesday, February 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase 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 2.60%. Baker Hughes's payout ratio is 30.87%.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction 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 transaction, the executive vice president now owns 173,302 shares of the company's stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BKR has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. TD Cowen cut their price objective on Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Susquehanna lifted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company a "positive" rating in a research report on Monday, February 3rd. Finally, Stifel Nicolaus upped their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and an average target price of $51.00.

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.