Baker Hughes (NASDAQ:BKR) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its position in shares of Baker Hughes (NASDAQ:BKR) by 5,538.9% in the fourth quarter, Holdings Channel reports. The firm owned 20,300 shares of the company’s stock after purchasing an additional 19,940 shares during the period. Hillsdale Investment Management Inc.’s holdings in Baker Hughes were worth $833,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BKR. Strategic Financial Concepts LLC acquired a new stake in shares of Baker Hughes in the fourth quarter worth $640,000. Burney Co. increased its holdings in Baker Hughes by 315.0% in the 4th quarter. Burney Co. now owns 138,788 shares of the company’s stock valued at $5,693,000 after purchasing an additional 105,349 shares in the last quarter. Northstar Advisory Group LLC purchased a new position in Baker Hughes in the fourth quarter valued at about $1,180,000. Artemis Investment Management LLP lifted its stake in shares of Baker Hughes by 29.4% during the fourth 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 in the last quarter. Finally, Czech National Bank boosted its position in shares of Baker Hughes by 6.0% in the fourth quarter. Czech National Bank now owns 214,549 shares of the company’s stock worth $8,801,000 after buying an additional 12,178 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling

In related 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 transaction 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 $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Susquehanna boosted 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. TD Cowen decreased their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays lifted their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted their target price on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes Price Performance

Shares of BKR opened at $44.11 on Monday. Baker Hughes has a 52 week low of $30.93 and a 52 week 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 firm has a market cap of $43.67 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.00 and a beta of 1.30. The stock has a 50 day moving average of $44.97 and a 200-day moving average of $41.42.

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

Baker Hughes Increases Dividend

The firm 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 represents a $0.92 dividend on an annualized basis and a dividend yield of 2.09%. 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 currently 30.87%.

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.