Wilmington Savings Fund Society FSB Makes New Investment in Baker Hughes (NASDAQ:BKR)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Baker Hughes (NASDAQ:BKR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,856 shares of the company’s stock, valued at approximately $139,000.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Baker Hughes during the third quarter valued at $30,000. True Wealth Design LLC lifted its position in shares of Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after buying an additional 829 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after acquiring an additional 796 shares during the period. Alta Advisers Ltd bought a new position in shares of Baker Hughes during the 2nd quarter valued at approximately $42,000. Finally, Headlands Technologies LLC purchased a new stake in Baker Hughes in the 2nd quarter worth approximately $48,000. Institutional investors own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Argus upgraded Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. UBS Group lowered their price target on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Atb Cap Markets lowered shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Barclays boosted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Baker Hughes Trading Down 0.6 %

BKR opened at $39.80 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. The stock’s 50 day moving average price is $40.80 and its 200-day moving average price is $36.90. Baker Hughes has a one year low of $28.32 and a one year high of $45.17. The stock has a market cap of $39.38 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.72 and a beta of 1.40.

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

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 2.11%. Baker Hughes’s dividend payout ratio (DPR) is currently 37.67%.

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.