Baker Hughes (NASDAQ:BKR) Shares Bought by Huntington National Bank

Huntington National Bank grew its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,303 shares of the company's stock after purchasing an additional 16,010 shares during the quarter. Huntington National Bank's holdings in Baker Hughes were worth $4,771,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew 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 worth $27,000 after buying an additional 386 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Baker Hughes during the 4th quarter valued at about $30,000. Larson Financial Group LLC lifted its position in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after purchasing an additional 216 shares during the period. Continuum Advisory LLC boosted its stake in shares of Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company's stock valued at $35,000 after purchasing an additional 796 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in Baker Hughes in the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America boosted their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. TD Cowen cut their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Evercore ISI raised their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $51.00.

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Baker Hughes Trading Up 0.1 %

NASDAQ:BKR traded up $0.03 on Tuesday, reaching $35.74. 3,223,607 shares of the company's stock were exchanged, compared to its average volume of 6,720,346. The business has a fifty day moving average of $44.24 and a 200-day moving average of $42.07. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The firm has a market capitalization of $35.38 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

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

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Tuesday, February 11th. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.

Insider Buying and Selling

In other news, EVP Maria C. Borras sold 8,000 shares of the 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 transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company's stock.

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.