Independent Advisor Alliance Invests $238,000 in Baker Hughes (NASDAQ:BKR)

Independent Advisor Alliance purchased a new stake in Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,803 shares of the company's stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JFS Wealth Advisors LLC increased its stake in 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 purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Baker Hughes during the 4th quarter worth approximately $30,000. Larson Financial Group LLC increased its stake in Baker Hughes by 41.2% during 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 in the last quarter. True Wealth Design LLC increased its stake in Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after purchasing an additional 829 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after purchasing an additional 796 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now owns 173,302 shares of the company's stock, 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. Insiders own 0.25% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BKR shares. Jefferies Financial Group increased their target price on Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Evercore ISI increased their target price on Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Stifel Nicolaus raised their price target 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. TD Cowen decreased their price target on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Barclays raised their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.06.

Baker Hughes Stock Down 1.3 %

Shares of NASDAQ BKR traded down $0.58 during trading hours on Friday, hitting $44.11. The company had a trading volume of 20,138,327 shares, compared to its average volume of 6,279,901. The stock has a market capitalization of $43.67 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. 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 1-year low of $30.93 and a 1-year high of $49.40. The firm's 50 day moving average is $44.97 and its 200-day moving average is $41.37.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.58% and a net margin of 10.70%. On average, analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.23 per share. This is an increase 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 2.09%. Baker Hughes's dividend payout ratio (DPR) is currently 30.87%.

Baker Hughes Company 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.