Royal London Asset Management Ltd. Raises Stock Position in Baker Hughes (NASDAQ:BKR)

Royal London Asset Management Ltd. grew its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 794,410 shares of the company's stock after buying an additional 12,799 shares during the period. Royal London Asset Management Ltd. owned 0.08% of Baker Hughes worth $32,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dynasty Wealth Management LLC increased its position in Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after purchasing an additional 207 shares during the period. Larson Financial Group LLC increased its position 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 buying an additional 216 shares during the period. Alpine Woods Capital Investors LLC raised its stake in Baker Hughes by 0.7% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after buying an additional 267 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in Baker Hughes by 9.3% in the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock worth $130,000 after buying an additional 269 shares during the period. Finally, 180 Wealth Advisors LLC boosted its position in Baker Hughes by 1.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock valued at $923,000 after acquiring an additional 295 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently commented on BKR shares. Royal Bank of Canada raised their target price on Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Atb Cap Markets cut shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. The Goldman Sachs Group increased their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. 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. Finally, Bank of America raised their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Two equities 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.06.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the business'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 in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.

Baker Hughes Price Performance

Shares of BKR traded up $0.58 during trading hours on Tuesday, reaching $45.18. 7,541,276 shares of the stock traded hands, compared to its average volume of 6,286,726. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market cap of $44.73 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. The company's 50-day moving average price is $44.96 and its two-hundred day moving average price is $41.50.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data 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%. On average, analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's payout ratio is 30.87%.

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.