Strategic Wealth Partners Ltd. Increases Stock Holdings in Baker Hughes (NASDAQ:BKR)

Strategic Wealth Partners Ltd. grew its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,188 shares of the company's stock after acquiring an additional 25,561 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Baker Hughes were worth $9,483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BKR. JFS Wealth Advisors LLC boosted its holdings in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after buying an additional 386 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Baker Hughes in the fourth quarter worth approximately $30,000. Larson Financial Group LLC boosted its holdings in shares of Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after buying an additional 216 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Baker Hughes in the fourth quarter worth approximately $45,000. Finally, OFI Invest Asset Management purchased a new position in shares of Baker Hughes in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BKR shares. Barclays reduced their price objective on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group boosted their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Susquehanna dropped their price objective on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Benchmark reaffirmed a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research note on Tuesday, February 11th. Finally, Morgan Stanley dropped their price objective on shares of Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Stock Performance

Baker Hughes stock traded down $0.69 during mid-day trading on Wednesday, hitting $36.65. The company had a trading volume of 7,132,314 shares, compared to its average volume of 7,055,546. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company's fifty day moving average is $39.13 and its 200-day moving average is $42.05. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 2.00 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Equities research analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.51%. Baker Hughes's dividend payout ratio (DPR) is 31.40%.

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.