Sherbrooke Park Advisers LLC Buys Shares of 8,465 Baker Hughes (NASDAQ:BKR)

Sherbrooke Park Advisers LLC bought a new stake in Baker Hughes (NASDAQ:BKR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,465 shares of the company’s stock, valued at approximately $347,000.

Several other institutional investors also recently bought and sold shares of the company. Dynasty Wealth Management LLC lifted its position in Baker Hughes by 2.7% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock valued at $324,000 after purchasing an additional 207 shares during the period. Larson Financial Group LLC lifted its position in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after purchasing an additional 216 shares during the period. Alpine Woods Capital Investors LLC lifted its position in Baker Hughes by 0.7% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company’s stock valued at $1,660,000 after purchasing an additional 267 shares during the period. Cromwell Holdings LLC lifted its position in Baker Hughes by 9.3% during the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock valued at $130,000 after purchasing an additional 269 shares during the period. Finally, Commerce Bank lifted its position in Baker Hughes by 1.0% during the fourth quarter. Commerce Bank now owns 31,075 shares of the company’s stock valued at $1,275,000 after purchasing an additional 300 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Up 0.2%

Shares of NASDAQ BKR opened at $37.79 on Monday. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The stock has a market cap of $37.44 billion, a PE ratio of 12.68, a P/E/G ratio of 2.00 and a beta of 0.96. 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 company has a 50-day moving average of $39.30 and a 200 day moving average of $42.08.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) 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 company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.54 billion. As a group, sell-side analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. Baker Hughes’s dividend payout ratio (DPR) is 31.40%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKR. TD Cowen decreased their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Piper Sandler cut their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Benchmark reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Evercore ISI cut their price objective on shares of Baker Hughes from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.11.

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.