Tectonic Advisors LLC Has $415,000 Stake in Baker Hughes (NASDAQ:BKR)

Tectonic Advisors LLC lowered its stake in Baker Hughes (NASDAQ:BKR) by 22.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,109 shares of the company’s stock after selling 2,910 shares during the quarter. Tectonic Advisors LLC’s holdings in Baker Hughes were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BKR. Massachusetts Wealth Management raised its stake in Baker Hughes by 230.3% during the 4th quarter. Massachusetts Wealth Management now owns 29,475 shares of the company’s stock worth $1,209,000 after buying an additional 20,550 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Baker Hughes by 11.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 311,693 shares of the company’s stock valued at $11,625,000 after acquiring an additional 30,906 shares in the last quarter. Paragon Capital Management Inc. raised its position in shares of Baker Hughes by 29.2% during the fourth quarter. Paragon Capital Management Inc. now owns 28,475 shares of the company’s stock worth $1,168,000 after purchasing an additional 6,444 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Baker Hughes by 11.9% in the 4th quarter. Ninety One UK Ltd now owns 481,446 shares of the company’s stock worth $19,749,000 after purchasing an additional 51,212 shares in the last quarter. Finally, Mather Group LLC. grew its position in Baker Hughes by 47.7% in the 4th quarter. Mather Group LLC. now owns 12,538 shares of the company’s stock valued at $514,000 after purchasing an additional 4,051 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Baker Hughes Stock Performance

Shares of BKR stock opened at $46.98 on Friday. Baker Hughes has a 52 week low of $28.63 and a 52 week high of $49.40. The firm’s 50-day simple moving average is $43.30 and its two-hundred day simple moving average is $39.35. The firm has a market cap of $46.49 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, equities analysts forecast that Baker Hughes will post 2.55 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.23 per share. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. Baker Hughes’s dividend payout ratio is presently 28.19%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKR. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Bank of America upped their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Citigroup lifted their price target on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. BMO Capital Markets increased their price objective on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, TD Cowen cut their target price on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $50.18.

Baker Hughes Company 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.