Kathmere Capital Management LLC Acquires 1,980 Shares of Baker Hughes (NASDAQ:BKR)

Kathmere Capital Management LLC lifted its stake in Baker Hughes (NASDAQ:BKR) by 32.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,104 shares of the company’s stock after buying an additional 1,980 shares during the period. Kathmere Capital Management LLC’s holdings in Baker Hughes were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BKR. Meiji Yasuda Life Insurance Co acquired a new stake in shares of Baker Hughes during the 2nd quarter worth $830,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in Baker Hughes by 225.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 50,160 shares of the company’s stock worth $1,764,000 after purchasing an additional 34,728 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Baker Hughes by 8.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,822 shares of the company’s stock worth $2,914,000 after buying an additional 6,496 shares in the last quarter. Sienna Gestion bought a new position in Baker Hughes in the 2nd quarter valued at about $9,449,000. Finally, Intech Investment Management LLC raised its position in shares of Baker Hughes by 44.8% in the 2nd quarter. Intech Investment Management LLC now owns 197,239 shares of the company’s stock valued at $6,937,000 after buying an additional 61,067 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Trading Up 1.3 %

Shares of BKR stock opened at $46.33 on Friday. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $46.75. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market cap of $45.84 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.79 and a beta of 1.39. The stock has a 50-day moving average of $42.60 and a 200-day moving average of $38.19.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, equities research analysts forecast that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.81%. Baker Hughes’s dividend payout ratio (DPR) is currently 37.67%.

Wall Street Analysts Forecast Growth

BKR has been the topic of several analyst reports. Evercore ISI increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on Baker Hughes from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Stifel Nicolaus upped their price objective on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Morgan Stanley lifted their target price on Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group increased their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.53.

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.