Schechter Investment Advisors LLC Takes $253,000 Position in Baker Hughes (NASDAQ:BKR)

Schechter Investment Advisors LLC purchased a new stake in shares of Baker Hughes (NASDAQ:BKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,178 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Baker Hughes in the 4th quarter worth approximately $640,000. Burney Co. lifted its holdings in Baker Hughes by 315.0% in the 4th quarter. Burney Co. now owns 138,788 shares of the company’s stock worth $5,693,000 after purchasing an additional 105,349 shares during the last quarter. Northstar Advisory Group LLC acquired a new stake in Baker Hughes in the 4th quarter worth approximately $1,180,000. Artemis Investment Management LLP lifted its holdings in Baker Hughes by 29.4% in the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company’s stock worth $43,233,000 after purchasing an additional 239,773 shares during the last quarter. Finally, Czech National Bank lifted its holdings in Baker Hughes by 6.0% in the 4th quarter. Czech National Bank now owns 214,549 shares of the company’s stock worth $8,801,000 after purchasing an additional 12,178 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR opened at $41.90 on Friday. The business’s fifty day moving average price is $44.78 and its two-hundred day moving average price is $40.70. Baker Hughes has a fifty-two week low of $30.44 and a fifty-two week high of $49.40. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share 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%. As a group, analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.20%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is 30.87%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BKR. Susquehanna lifted their price target on Baker Hughes from $53.00 to $55.00 and gave the stock a “positive” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Stifel Nicolaus lifted their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Barclays lifted their price target on Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and an average target price of $51.06.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business’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 approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

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.