Retirement Planning Group LLC Purchases 739 Shares of Baker Hughes Company $BKR

Retirement Planning Group LLC raised its position in shares of Baker Hughes Company (NASDAQ:BKR) by 9.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,188 shares of the company’s stock after purchasing an additional 739 shares during the quarter. Retirement Planning Group LLC’s holdings in Baker Hughes were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BKR. GAMMA Investing LLC increased its stake in Baker Hughes by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 13,158 shares of the company’s stock valued at $578,000 after purchasing an additional 2,872 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Baker Hughes by 34.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,847 shares of the company’s stock valued at $3,246,000 after purchasing an additional 19,048 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Baker Hughes by 71.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 30,932 shares of the company’s stock valued at $1,359,000 after purchasing an additional 12,838 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Baker Hughes by 32.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,919 shares of the company’s stock valued at $963,000 after purchasing an additional 5,313 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in Baker Hughes by 161.2% during the 1st quarter. Continuum Advisory LLC now owns 2,515 shares of the company’s stock valued at $111,000 after purchasing an additional 1,552 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer owned 11,772 shares in the company, valued at approximately $588,600. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

BKR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Baker Hughes from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Royal Bank Of Canada raised their price target on shares of Baker Hughes from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. UBS Group raised their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Zephirin Group raised their price target on shares of Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Finally, Capital One Financial raised their price target on shares of Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.91.

Baker Hughes Stock Performance

BKR opened at $47.30 on Thursday. 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 company has a market cap of $46.63 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.02 and a beta of 0.99. The company’s 50 day moving average is $46.33 and its 200 day moving average is $41.51. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.92.

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

About Baker Hughes

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.