Foundry Partners LLC Invests $8.46 Million in Baker Hughes (NASDAQ:BKR)

Foundry Partners LLC acquired a new position in Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 206,140 shares of the company's stock, valued at approximately $8,456,000.

Several other large investors also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised its position in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in 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 buying an additional 216 shares during the period. Groupama Asset Managment lifted its holdings in shares of Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after buying an additional 811,711 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Baker Hughes by 442.2% in the third quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after acquiring an additional 796 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Down 1.1 %

Baker Hughes stock traded down $0.39 during mid-day trading on Wednesday, reaching $34.61. The company's stock had a trading volume of 4,814,341 shares, compared to its average volume of 6,763,475. The business's 50 day simple moving average is $43.91 and its 200 day simple moving average is $42.01. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

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Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results 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%. As a group, research analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were issued a dividend of $0.23 per share. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Citigroup lowered their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday. 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. Wells Fargo & Company boosted their price target on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Atb Cap Markets lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $51.18.

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.