Atria Investments Inc Acquires 25,585 Shares of Baker Hughes (NASDAQ:BKR)

Atria Investments Inc raised its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 172.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,407 shares of the company's stock after acquiring an additional 25,585 shares during the quarter. Atria Investments Inc's holdings in Baker Hughes were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Baker Hughes Trading Up 1.7 %

BKR stock traded up $0.69 during trading on Tuesday, hitting $41.85. 8,457,223 shares of the company traded hands, compared to its average volume of 6,303,208. The company has a 50-day moving average of $44.82 and a 200-day moving average of $40.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a market capitalization of $41.44 billion, a PE ratio of 14.04, a P/E/G ratio of 2.00 and a beta of 1.30.

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Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating 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%. Analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a $0.23 dividend. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.20%. Baker Hughes's payout ratio is presently 30.87%.

Insider Transactions at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the company'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 transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale 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 company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BKR shares. TD Cowen reduced their target price 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. Bank of America boosted their price objective on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Piper Sandler raised their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus increased their price target on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.06.

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.