Schechter Investment Advisors LLC acquired a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,178 shares of the company's stock, valued at approximately $253,000.
Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its stake in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Baker Hughes in the third quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in Baker Hughes in the fourth quarter valued at $30,000. True Wealth Design LLC lifted its stake 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 buying an additional 829 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock valued at $32,000 after buying an additional 811,711 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. TD Cowen cut their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lifted their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Citigroup lifted their target price on Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their target price on Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.06.
Check Out Our Latest Stock Report on Baker Hughes
Shares of BKR opened at $41.90 on Friday. Baker Hughes has a 1-year low of $30.44 and a 1-year high of $49.40. The stock has a market capitalization of $41.49 billion, a P/E ratio of 14.06, a P/E/G ratio of 2.00 and a beta of 1.30. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $44.78 and its 200 day moving average price is $40.70.
Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.20%. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.
In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated 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 directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company's stock.
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.
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