Baker Hughes (NASDAQ:BKR) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,186 shares of the company's stock after buying an additional 11,367 shares during the period. Tower Research Capital LLC TRC's holdings in Baker Hughes were worth $2,223,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted 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 position in Baker Hughes in the 4th quarter valued at about $30,000. Larson Financial Group LLC grew its stake 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 valued at $30,000 after buying an additional 216 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Baker Hughes during the 4th quarter worth approximately $45,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the 4th quarter valued at approximately $47,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Trading Up 1.5 %

NASDAQ BKR opened at $38.36 on Wednesday. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The firm has a 50 day moving average of $42.01 and a two-hundred day moving average of $42.10. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $37.98 billion, a PE ratio of 12.87, 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 earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. As a group, research analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.40%. Baker Hughes's payout ratio is 30.87%.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at $7,758,730.54. The trade was 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 at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler raised their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Evercore ISI increased their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Citigroup reduced their price target on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.65.

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.

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