Baker Hughes (NASDAQ:BKR) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in Baker Hughes (NASDAQ:BKR) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,186 shares of the company’s stock after acquiring an additional 11,367 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Baker Hughes were worth $2,223,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

BKR has been the topic of several analyst reports. TD Cowen lowered their target price on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Susquehanna lowered their price objective on shares of Baker Hughes from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company upped their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Barclays dropped their price target on shares of Baker Hughes from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.65.

Baker Hughes Trading Up 1.5 %

Shares of BKR stock opened at $38.36 on Wednesday. The stock has a market cap of $37.98 billion, a P/E ratio of 12.87, a P/E/G ratio of 2.00 and a beta of 1.08. 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 fifty-two week low of $30.93 and a fifty-two week high of $49.40. The business has a fifty day simple moving average of $42.01 and a 200-day simple moving average of $42.10.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. On average, analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.40%. Baker Hughes’s payout ratio is 30.87%.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

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.