Sheaff Brock Investment Advisors LLC Buys Shares of 189,786 Baker Hughes (NASDAQ:BKR)

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 189,786 shares of the company's stock, valued at approximately $7,785,000.

Several other institutional investors have also modified their holdings of BKR. Secured Retirement Advisors LLC purchased a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $1,025,000. Strategic Financial Concepts LLC purchased a new stake in Baker Hughes in the 4th quarter worth approximately $640,000. Principal Securities Inc. increased its stake in shares of Baker Hughes by 336.5% during the 4th quarter. Principal Securities Inc. now owns 15,577 shares of the company's stock valued at $639,000 after acquiring an additional 12,008 shares during the last quarter. Congress Asset Management Co. purchased a new position in shares of Baker Hughes during the 4th quarter worth about $107,155,000. Finally, Rhumbline Advisers boosted its position in shares of Baker Hughes by 2.4% in the fourth quarter. Rhumbline Advisers now owns 1,675,340 shares of the company's stock worth $68,722,000 after acquiring an additional 39,290 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on BKR. Atb Cap Markets downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Susquehanna increased their target price on Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their price target on Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. The Goldman Sachs Group upped their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes has an average rating of "Moderate Buy" and a consensus target price of $51.06.

Baker Hughes Stock Down 0.2 %

Shares of BKR stock traded down $0.09 on Wednesday, hitting $46.89. The company's stock had a trading volume of 5,055,874 shares, compared to its average volume of 7,606,283. Baker Hughes has a fifty-two week low of $28.66 and a fifty-two week high of $49.40. The firm's fifty day moving average price is $44.03 and its 200-day moving average price is $39.99. The stock has a market capitalization of $46.43 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 2.04 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted 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 net margin of 10.70% and a return on equity of 14.58%. Research analysts anticipate that Baker Hughes will post 2.58 EPS for the current year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio is currently 30.87%.

Insider Buying and Selling at Baker Hughes

In related 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 value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.