Quadrant Capital Group LLC Has $278,000 Holdings in Baker Hughes (NASDAQ:BKR)

Quadrant Capital Group LLC raised its holdings in Baker Hughes (NASDAQ:BKR) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 6,766 shares of the company’s stock after purchasing an additional 709 shares during the quarter. Quadrant Capital Group LLC’s holdings in Baker Hughes were worth $278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BKR. Norges Bank acquired a new stake in shares of Baker Hughes in the fourth quarter valued at $829,092,000. Raymond James Financial Inc. bought a new stake in Baker Hughes during the 4th quarter worth about $291,289,000. Congress Asset Management Co. acquired a new stake in Baker Hughes in the 4th quarter valued at about $107,155,000. Natixis Advisors LLC increased its position in Baker Hughes by 217.5% in the 4th quarter. Natixis Advisors LLC now owns 1,728,450 shares of the company’s stock valued at $70,901,000 after acquiring an additional 1,184,036 shares in the last quarter. Finally, Groupama Asset Managment raised its stake in shares of Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock worth $32,000 after acquiring an additional 811,711 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 2.0 %

Shares of NASDAQ:BKR opened at $35.00 on Wednesday. The company has a 50 day moving average price of $43.91 and a two-hundred day moving average price of $42.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a market capitalization of $34.65 billion, a PE ratio of 11.74, a PEG ratio of 2.00 and a beta of 1.08. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS 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%. Analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Tuesday, February 11th. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is 30.87%.

Insider Activity

In other Baker Hughes 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 sale, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on BKR. JPMorgan Chase & Co. increased their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their target price on Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Finally, Barclays dropped their price objective on Baker Hughes from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $51.18.

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.