Janney Montgomery Scott LLC Has $742,000 Holdings in Baker Hughes (NASDAQ:BKR)

Janney Montgomery Scott LLC grew its position in Baker Hughes (NASDAQ:BKR - Free Report) by 128.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,094 shares of the company's stock after purchasing an additional 10,174 shares during the period. Janney Montgomery Scott LLC's holdings in Baker Hughes were worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKR. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes in the 3rd quarter worth $30,000. True Wealth Design LLC raised its position in Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after purchasing an additional 829 shares during the period. 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 valued at $35,000 after buying an additional 796 shares in the last quarter. Eastern Bank grew its position in Baker Hughes by 598.4% in the 4th quarter. Eastern Bank now owns 1,739 shares of the company's stock valued at $71,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Baker Hughes during the third quarter worth about $103,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKR. Piper Sandler lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Bank of America boosted their target price on Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Citigroup raised their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Barclays boosted their price objective on shares of Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Argus raised Baker Hughes from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.06.

Insider Transactions at Baker Hughes

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

Baker Hughes Stock Performance

Shares of BKR traded down $0.30 during mid-day trading on Tuesday, hitting $47.11. The stock had a trading volume of 5,240,411 shares, compared to its average volume of 8,022,121. 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 fifty-two week low of $28.63 and a fifty-two week high of $49.40. The company's fifty day simple moving average is $43.49 and its two-hundred day simple moving average is $39.62. The company has a market cap of $46.62 billion, a PE ratio of 15.81, a PEG ratio of 2.07 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share 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%. On average, equities analysts expect that Baker Hughes will post 2.57 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.95%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, February 11th. Baker Hughes's dividend payout ratio (DPR) is presently 28.19%.

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.