Bryce Point Capital LLC Buys Shares of 36,135 Baker Hughes (NASDAQ:BKR)

Bryce Point Capital LLC purchased a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,135 shares of the company's stock, valued at approximately $1,482,000.

Several other institutional investors also recently bought and sold shares of BKR. JFS Wealth Advisors LLC increased its stake in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes during the 4th quarter worth approximately $30,000. Larson Financial Group LLC raised its holdings in Baker Hughes by 41.2% in 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. Continuum Advisory LLC lifted its position in 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 buying an additional 796 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Baker Hughes during the fourth quarter worth approximately $45,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BKR shares. Benchmark restated a "buy" rating and set a $57.00 target price on shares of Baker Hughes in a report on Tuesday, February 11th. Wells Fargo & Company upped their target price on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Evercore ISI upped their price target on Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Finally, Barclays dropped their price objective on shares of Baker Hughes from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.00.

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Baker Hughes Stock Down 1.5 %

Baker Hughes stock traded down $0.54 during midday trading on Monday, hitting $34.87. The stock had a trading volume of 7,735,793 shares, compared to its average volume of 6,698,309. 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 business has a fifty day moving average price of $44.40 and a 200 day moving average price of $42.07. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The stock has a market cap of $34.53 billion, a P/E ratio of 11.72, a P/E/G ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. This represents a $0.92 annualized dividend and a yield of 2.64%. Baker Hughes's dividend payout ratio is 30.87%.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The shares were 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 $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.