Baker Hughes (NASDAQ:BKR) Shares Acquired by Mather Group LLC.

Mather Group LLC. grew its position in Baker Hughes (NASDAQ:BKR) by 47.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,538 shares of the company’s stock after purchasing an additional 4,051 shares during the period. Mather Group LLC.’s holdings in Baker Hughes were worth $514,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Resonant Capital Advisors LLC acquired a new stake in Baker Hughes during the fourth quarter worth about $226,000. JB Capital LLC grew its holdings in Baker Hughes by 4.9% during the fourth quarter. JB Capital LLC now owns 80,602 shares of the company’s stock worth $3,306,000 after acquiring an additional 3,757 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in Baker Hughes by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 138,308 shares of the company’s stock worth $5,662,000 after acquiring an additional 1,653 shares during the period. Greenleaf Trust grew its holdings in Baker Hughes by 4.1% during the fourth quarter. Greenleaf Trust now owns 13,559 shares of the company’s stock worth $556,000 after acquiring an additional 535 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in Baker Hughes during the fourth quarter worth about $209,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Price Performance

BKR stock opened at $48.85 on Thursday. The business has a fifty day moving average of $43.20 and a two-hundred day moving average of $39.28. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $48.34 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Baker Hughes has a 52-week low of $28.63 and a 52-week high of $48.94.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data 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, research analysts anticipate that Baker Hughes will post 2.55 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.88%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, February 11th. Baker Hughes’s payout ratio is presently 28.19%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’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 sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BKR has been the topic of several analyst reports. Argus raised Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Barclays increased 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. Bank of America increased their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Jefferies Financial Group increased their price target on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, TD Cowen lowered their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two equities 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.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.18.

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.