Baker Hughes (NASDAQ:BKR) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its position in shares of Baker Hughes (NASDAQ:BKR) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,195 shares of the company’s stock after purchasing an additional 693 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Baker Hughes were worth $295,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BKR. Assenagon Asset Management S.A. increased its position in shares of Baker Hughes by 15.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 40,838 shares of the company’s stock valued at $1,476,000 after purchasing an additional 5,570 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Baker Hughes by 41.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,050 shares of the company’s stock valued at $1,448,000 after purchasing an additional 11,834 shares during the period. J.W. Cole Advisors Inc. acquired a new position in shares of Baker Hughes during the 3rd quarter valued at $218,000. First Trust Direct Indexing L.P. boosted its stake in shares of Baker Hughes by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock worth $1,079,000 after acquiring an additional 398 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Baker Hughes by 8.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 400,603 shares of the company’s stock worth $14,482,000 after acquiring an additional 31,852 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Baker Hughes Price Performance

BKR opened at $44.59 on Friday. The stock has a market cap of $44.15 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.00 and a beta of 1.39. Baker Hughes has a 1 year low of $29.30 and a 1 year high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $44.62 and a 200 day moving average price of $40.49.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. Baker Hughes’s dividend payout ratio (DPR) is presently 30.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Atb Cap Markets lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Jefferies Financial Group raised their price objective on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Barclays raised their price objective on Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Citigroup raised their price objective on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.06.

About Baker Hughes

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.