Cetera Investment Advisers increased its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 225.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,039 shares of the company's stock after acquiring an additional 57,556 shares during the period. Cetera Investment Advisers' holdings in Baker Hughes were worth $3,406,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Dynasty Wealth Management LLC raised its position in Baker Hughes by 2.7% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after purchasing an additional 207 shares during the period. Larson Financial Group LLC raised its holdings in shares of Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares during the period. Alpine Woods Capital Investors LLC lifted its position in Baker Hughes by 0.7% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after acquiring an additional 267 shares in the last quarter. Cromwell Holdings LLC lifted its position in Baker Hughes by 9.3% during the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock worth $130,000 after acquiring an additional 269 shares in the last quarter. Finally, Commerce Bank boosted its holdings in Baker Hughes by 1.0% in the 4th quarter. Commerce Bank now owns 31,075 shares of the company's stock worth $1,275,000 after acquiring an additional 300 shares during the period. 92.06% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday. Citigroup cut their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Susquehanna lowered their target price on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. 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 research report on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.11.
View Our Latest Analysis on Baker Hughes
Baker Hughes Stock Performance
NASDAQ BKR traded down $0.57 during trading hours on Tuesday, hitting $37.34. The company had a trading volume of 7,101,949 shares, compared to its average volume of 7,041,426. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market cap of $36.99 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The business has a fifty day simple moving average of $39.21 and a 200-day simple moving average of $42.08.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Equities analysts predict that Baker Hughes will post 2.59 EPS for the current year.
Baker Hughes Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.
Baker Hughes Profile
(
Free Report)
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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