Schechter Investment Advisors LLC bought a new stake in Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,178 shares of the company's stock, valued at approximately $253,000.
A number of other large investors also recently modified their holdings of BKR. JFS Wealth Advisors LLC lifted its holdings in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Baker Hughes during the third quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Baker Hughes during the fourth quarter worth $30,000. True Wealth Design LLC lifted its holdings in Baker Hughes by 2,181.6% during the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after acquiring an additional 829 shares during the period. Finally, Groupama Asset Managment lifted its holdings in Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after acquiring an additional 811,711 shares during the period. Institutional investors own 92.06% of the company's stock.
Baker Hughes Stock Performance
Shares of NASDAQ BKR traded up $0.99 during mid-day trading on Friday, hitting $42.89. The company had a trading volume of 9,116,402 shares, compared to its average volume of 6,279,988. The company has a market capitalization of $42.47 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 2.00 and a beta of 1.30. Baker Hughes has a 1 year low of $30.52 and a 1 year high of $49.40. 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's 50-day moving average price is $44.82 and its 200-day moving average price is $40.85.
Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its 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%. On average, sell-side analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.
Baker Hughes Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.15%. 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 payout ratio is presently 30.87%.
Analyst Ratings Changes
A number of brokerages recently commented on BKR. Susquehanna lifted their price target on Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a report on Monday, February 3rd. Bank of America lifted their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Barclays lifted their price target on Baker Hughes from $51.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Atb Cap Markets lowered Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.06.
Check Out Our Latest Stock Analysis on BKR
Insider Buying and Selling
In related news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction dated 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 directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.
Baker Hughes Company Profile
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Free Report)
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.
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