Toroso Investments LLC Has $957,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

Toroso Investments LLC lifted its holdings in Baker Hughes (NASDAQ:BKR – Get Rating) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,668 shares of the company’s stock after purchasing an additional 5,019 shares during the quarter. Toroso Investments LLC’s holdings in Baker Hughes were worth $957,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in Baker Hughes during the 2nd quarter worth approximately $27,000. Alpha Paradigm Partners LLC acquired a new position in Baker Hughes during the 2nd quarter worth approximately $29,000. Ameliora Wealth Management Ltd. acquired a new position in Baker Hughes during the 3rd quarter worth approximately $47,000. Sandy Spring Bank acquired a new position in Baker Hughes during the 3rd quarter worth approximately $48,000. Finally, Covestor Ltd boosted its position in Baker Hughes by 104.7% during the 1st quarter. Covestor Ltd now owns 1,349 shares of the company’s stock worth $49,000 after acquiring an additional 690 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKR. HSBC upped their price target on Baker Hughes from $33.30 to $39.00 in a research report on Monday, January 30th. Susquehanna upped their price objective on Baker Hughes from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Tuesday, January 24th. Evercore ISI upped their price objective on Baker Hughes from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 24th. Morgan Stanley upped their price objective on Baker Hughes from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 4th. Finally, Piper Sandler upgraded Baker Hughes from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $34.00 to $43.00 in a research note on Wednesday, February 15th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 9,811 shares of the stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $30.93, for a total transaction of $303,454.23. Following the sale, the executive vice president now directly owns 59,463 shares of the company’s stock, valued at approximately $1,839,190.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

Baker Hughes Stock Down 1.4 %

BKR stock opened at $26.92 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $27.22 billion, a price-to-earnings ratio of -44.87 and a beta of 1.46. The business’s fifty day moving average price is $30.91 and its two-hundred day moving average price is $28.17. Baker Hughes has a fifty-two week low of $20.42 and a fifty-two week high of $39.78.

Baker Hughes (NASDAQ:BKR – Get Rating) last posted its quarterly earnings data on Monday, January 23rd. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $6.07 billion. Baker Hughes had a positive return on equity of 5.98% and a negative net margin of 2.85%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities analysts anticipate that Baker Hughes will post 1.57 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Monday, February 6th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, February 3rd. Baker Hughes’s payout ratio is -126.67%.

Baker Hughes Profile

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Baker Hughes Co is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the Oilfield Services and Equipment (OFSE) and industrial and Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides services for onshore and offshore oilfield operations.