Kestra Investment Management LLC Purchases Shares of 1,102 Baker Hughes (NASDAQ:BKR)

Kestra Investment Management LLC acquired a new stake in shares of Baker Hughes (NASDAQ:BKR) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,102 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors have also recently made changes to their positions in BKR. Creative Planning lifted its position in shares of Baker Hughes by 12.3% during the 3rd quarter. Creative Planning now owns 69,572 shares of the company’s stock valued at $2,515,000 after buying an additional 7,596 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Baker Hughes by 156.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 19,873 shares of the company’s stock valued at $718,000 after buying an additional 12,137 shares in the last quarter. Signaturefd LLC lifted its position in shares of Baker Hughes by 38.9% during the 3rd quarter. Signaturefd LLC now owns 9,569 shares of the company’s stock valued at $346,000 after buying an additional 2,679 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Baker Hughes by 19.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 10,117 shares of the company’s stock worth $366,000 after purchasing an additional 1,620 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in Baker Hughes by 33.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 269,720 shares of the company’s stock worth $9,750,000 after purchasing an additional 67,212 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BKR. Stifel Nicolaus boosted their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Citigroup boosted their price target on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Bank of America boosted their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group boosted their price target on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Evercore ISI boosted their price target on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.06.

Baker Hughes Stock Performance

NASDAQ BKR opened at $45.62 on Friday. The company has a market cap of $45.17 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.06 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. The business’s 50 day moving average price is $44.28 and its 200-day moving average price is $40.16. Baker Hughes has a fifty-two week low of $28.88 and a fifty-two week high of $49.40.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share 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%. Sell-side analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio is 30.87%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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.