Hillsdale Investment Management Inc. Has $833,000 Stock Position in Baker Hughes (NASDAQ:BKR)

Hillsdale Investment Management Inc. boosted its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 5,538.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,300 shares of the company's stock after buying an additional 19,940 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in Baker Hughes were worth $833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its position in shares of Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its holdings in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after purchasing an additional 829 shares during the period. Finally, Continuum Advisory LLC increased its stake in 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 purchasing an additional 796 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company's stock.

Baker Hughes Stock Down 0.9 %

Shares of BKR stock traded down $0.39 on Thursday, hitting $43.63. The company's stock had a trading volume of 4,462,035 shares, compared to its average volume of 6,258,886. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The stock has a market capitalization of $43.20 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 2.00 and a beta of 1.30. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The firm's fifty day moving average price is $44.93 and its 200-day moving average price is $41.59.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Research analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.11%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio is presently 30.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Piper Sandler boosted 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. Bank of America raised their target price on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. 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. Finally, TD Cowen decreased 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. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.06.

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.