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

Hillsdale Investment Management Inc. raised its position in Baker Hughes (NASDAQ:BKR) by 5,538.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,300 shares of the company’s stock after acquiring 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 reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BKR. Mizuho Securities USA LLC boosted its holdings in Baker Hughes by 45.6% in the 4th quarter. Mizuho Securities USA LLC now owns 93,785 shares of the company’s stock valued at $3,847,000 after purchasing an additional 29,367 shares in the last quarter. Adams Natural Resources Fund Inc. lifted its holdings in shares of Baker Hughes by 7.3% in the 4th quarter. Adams Natural Resources Fund Inc. now owns 428,100 shares of the company’s stock valued at $17,561,000 after buying an additional 29,300 shares during the period. Mindset Wealth Management LLC acquired a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $608,000. Adams Diversified Equity Fund Inc. boosted its stake in shares of Baker Hughes by 46.7% in the fourth quarter. Adams Diversified Equity Fund Inc. now owns 337,200 shares of the company’s stock valued at $13,832,000 after buying an additional 107,300 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Baker Hughes by 44.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 8,858 shares of the company’s stock worth $363,000 after acquiring an additional 2,743 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction dated 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 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 legal filing with the SEC, which is available at this link. Insiders own 0.25% of the company’s stock.

Baker Hughes Trading Down 1.3 %

Shares of BKR stock opened at $44.11 on Monday. The company has a market capitalization 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 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 50-day moving average price of $44.97 and a 200 day moving average price of $41.42. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted 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 net margin of 10.70% and a return on equity of 14.58%. Research analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid 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 was Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio is currently 30.87%.

Analysts Set New Price Targets

Several brokerages have commented on BKR. 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. Bank of America boosted their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Evercore ISI increased their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Stifel Nicolaus boosted their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Barclays raised their price objective on Baker Hughes from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.06.

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.