Angeles Wealth Management LLC Has $236,000 Stock Holdings in Baker Hughes Company $BKR

Angeles Wealth Management LLC reduced its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 8.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,163 shares of the company’s stock after selling 603 shares during the period. Angeles Wealth Management LLC’s holdings in Baker Hughes were worth $236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mattson Financial Services LLC increased its position in shares of Baker Hughes by 28.1% during the second quarter. Mattson Financial Services LLC now owns 46,975 shares of the company’s stock worth $1,801,000 after acquiring an additional 10,298 shares in the last quarter. Nordea Investment Management AB boosted its stake in Baker Hughes by 16.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,228,911 shares of the company’s stock worth $85,969,000 after purchasing an additional 311,437 shares during the period. New York State Teachers Retirement System increased its holdings in Baker Hughes by 7.0% during the 2nd quarter. New York State Teachers Retirement System now owns 875,693 shares of the company’s stock worth $33,574,000 after purchasing an additional 57,269 shares in the last quarter. Mutual Advisors LLC acquired a new stake in shares of Baker Hughes in the 2nd quarter valued at about $475,000. Finally, Harbour Investments Inc. raised its stake in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after purchasing an additional 326 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BKR. Citigroup upped their price objective on Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Susquehanna upped their price target on Baker Hughes from $52.00 to $56.00 and gave the stock a “positive” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group decreased their price target on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Finally, Barclays restated an “overweight” rating on shares of Baker Hughes in a report on Tuesday. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.91.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the sale, the chief executive officer owned 667,593 shares of the company’s stock, valued at $29,654,481.06. This trade represents a 44.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the transaction, the chief accounting officer directly owned 11,772 shares in the company, valued at approximately $588,600. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,068 shares of company stock worth $24,712,651 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Baker Hughes Price Performance

NASDAQ:BKR opened at $45.18 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $46.08 and a 200 day simple moving average of $41.36. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $50.92. The stock has a market capitalization of $44.54 billion, a PE ratio of 14.76, a P/E/G ratio of 1.95 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Friday, November 18th. The company reported $0.16 EPS for the quarter. The firm had revenue of $5.09 billion during the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. On average, research analysts expect that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

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.