Baker Hughes (NASDAQ:BKR) Shares Bought by Graypoint LLC

Graypoint LLC raised its stake in Baker Hughes (NASDAQ:BKR) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,398 shares of the company’s stock after purchasing an additional 1,077 shares during the quarter. Graypoint LLC’s holdings in Baker Hughes were worth $458,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in Baker Hughes by 34.6% in the fourth quarter. Cerity Partners LLC now owns 19,216 shares of the company’s stock valued at $657,000 after purchasing an additional 4,944 shares during the last quarter. Seelaus Asset Management LLC acquired a new position in Baker Hughes in the fourth quarter valued at $254,000. Mutual of America Capital Management LLC increased its stake in Baker Hughes by 8.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 305,108 shares of the company’s stock valued at $10,429,000 after purchasing an additional 23,408 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in Baker Hughes by 3.8% in the fourth quarter. Iridian Asset Management LLC CT now owns 147,243 shares of the company’s stock valued at $5,033,000 after purchasing an additional 5,448 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new position in Baker Hughes in the fourth quarter valued at $286,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKR shares. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of Baker Hughes in a research report on Thursday, February 1st. Citigroup lowered their price target on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 26th. TD Cowen boosted their price target on Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Susquehanna reissued a “positive” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Monday, April 8th. Finally, Barclays decreased their target price on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.87.

Baker Hughes Trading Down 2.8 %

Shares of NASDAQ BKR opened at $33.05 on Monday. The stock’s 50 day moving average price is $31.36 and its two-hundred day moving average price is $32.65. Baker Hughes has a 52-week low of $26.81 and a 52-week high of $37.58. The stock has a market capitalization of $33.08 billion, a P/E ratio of 17.30, a PEG ratio of 0.68 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Baker Hughes’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.54%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 12th. Baker Hughes’s dividend payout ratio is 43.98%.

Insider Buying and Selling

In related news, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares in the company, valued at approximately $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the completion of the transaction, the senior vice president now owns 14,451 shares in the company, valued at $425,437.44. The disclosure for this sale can be found here. Corporate insiders own 0.24% 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.