Baker Hughes (NASDAQ:BKR) Stock Holdings Boosted by Xponance Inc.

Xponance Inc. lifted its position in shares of Baker Hughes (NASDAQ:BKR) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 143,421 shares of the company’s stock after acquiring an additional 367 shares during the period. Xponance Inc.’s holdings in Baker Hughes were worth $5,883,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Generali Asset Management SPA SGR bought a new position in Baker Hughes in the 4th quarter valued at about $7,824,000. Advisors Asset Management Inc. grew its position in Baker Hughes by 11.7% in the 4th quarter. Advisors Asset Management Inc. now owns 99,942 shares of the company’s stock valued at $4,100,000 after buying an additional 10,454 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Baker Hughes by 10.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 496,223 shares of the company’s stock valued at $20,355,000 after buying an additional 48,550 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in Baker Hughes by 7.3% in the 4th quarter. Tocqueville Asset Management L.P. now owns 87,393 shares of the company’s stock valued at $3,585,000 after buying an additional 5,975 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Baker Hughes by 19.6% in the 4th quarter. Parallel Advisors LLC now owns 10,604 shares of the company’s stock valued at $435,000 after buying an additional 1,735 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of Baker Hughes from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. TD Cowen reduced their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Atb Cap Markets lowered shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. 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.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Baker Hughes Price Performance

BKR stock opened at $44.60 on Thursday. The firm has a 50-day moving average of $44.93 and a two-hundred day moving average of $41.23. 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 capitalization of $44.16 billion, a PE ratio of 14.97, a P/E/G ratio of 2.00 and a beta of 1.30. Baker Hughes has a one year low of $30.93 and a one year high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (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%. On average, analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is 30.87%.

Insider Transactions at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction 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. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

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.