MetLife Investment Management LLC Grows Stock Holdings in Baker Hughes (NASDAQ:BKR)

MetLife Investment Management LLC grew its position in Baker Hughes (NASDAQ:BKR) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,056 shares of the company’s stock after buying an additional 3,662 shares during the period. MetLife Investment Management LLC’s holdings in Baker Hughes were worth $10,750,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BKR. JFS Wealth Advisors LLC increased its position in shares of Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the 4th quarter valued at about $30,000. Larson Financial Group LLC raised its stake in Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after buying an additional 216 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Baker Hughes in the fourth quarter worth about $45,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the fourth quarter worth about $47,000. Institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This 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 this hyperlink. Insiders own 0.27% of the company’s stock.

Baker Hughes Price Performance

NASDAQ:BKR opened at $38.86 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The stock’s 50-day moving average price is $42.34 and its 200-day moving average price is $42.13. The stock has a market capitalization of $38.47 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.37%. Baker Hughes’s dividend payout ratio is currently 30.87%.

Analyst Ratings Changes

BKR has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Citigroup dropped their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Evercore ISI raised their target price on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Jefferies Financial Group boosted their price target on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, TD Cowen reduced their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.65.

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.