Bar Harbor Wealth Management Has $9.22 Million Stake in Baker Hughes (NASDAQ:BKR)

Bar Harbor Wealth Management increased its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,681 shares of the company's stock after acquiring an additional 34,663 shares during the quarter. Bar Harbor Wealth Management's holdings in Baker Hughes were worth $9,216,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BKR. Ashton Thomas Securities LLC acquired a new stake in Baker Hughes during the third quarter worth $30,000. True Wealth Design LLC boosted 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 valued at $31,000 after purchasing an additional 829 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of Baker Hughes by 1,045.1% in the 3rd 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. Continuum Advisory LLC raised its holdings in shares of Baker Hughes by 442.2% in the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after buying an additional 796 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Baker Hughes during the 2nd quarter worth approximately $48,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Up 3.6 %

Shares of Baker Hughes stock traded up $1.57 on Monday, reaching $44.83. 7,480,742 shares of the company were exchanged, compared to its average volume of 6,134,666. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.72 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a one year low of $28.32 and a one year high of $45.17. The company has a 50-day moving average of $42.41 and a 200 day moving average of $38.07.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. Baker Hughes's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities research analysts forecast that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, November 4th. Baker Hughes's payout ratio is 37.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKR. TD Cowen decreased their target price on Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Susquehanna raised their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a "positive" rating in a research report on Thursday, October 24th. Citigroup upped their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Barclays raised their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, Benchmark reaffirmed a "buy" rating and set a $42.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.18.

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.