Secured Retirement Advisors LLC Invests $1.03 Million in Baker Hughes (NASDAQ:BKR)

Secured Retirement Advisors LLC acquired a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,995 shares of the company's stock, valued at approximately $1,025,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Baker Hughes in the third quarter worth about $30,000. True Wealth Design LLC raised its stake in shares of 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. Continuum Advisory LLC lifted its stake in 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 acquiring an additional 796 shares during the last quarter. Eastern Bank lifted its stake 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 purchasing an additional 1,490 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Baker Hughes in the third quarter valued at approximately $103,000. Institutional investors own 92.06% of the company's stock.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the 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 transaction, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on BKR shares. Benchmark restated a "buy" rating and set a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. 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 report on Monday, February 3rd. Barclays lifted their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Bank of America increased their target price on Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Baker Hughes has a consensus rating of "Moderate Buy" and an average target price of $51.06.

Baker Hughes Stock Down 0.2 %

Baker Hughes stock traded down $0.09 during midday trading on Wednesday, reaching $46.89. The stock had a trading volume of 5,055,874 shares, compared to its average volume of 7,606,283. The company has a market capitalization of $46.43 billion, a P/E ratio of 15.73, a PEG ratio of 2.04 and a beta of 1.39. Baker Hughes has a 12 month low of $28.66 and a 12 month high of $49.40. The company has a fifty day moving average price of $44.03 and a two-hundred day moving average price of $39.99. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.70 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, equities analysts expect that Baker Hughes will post 2.58 EPS for the current fiscal 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 given a dividend of $0.23 per share. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio (DPR) is currently 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.