Stephens Inc. AR Purchases 2,555 Shares of Baker Hughes Company $BKR

Stephens Inc. AR lifted its position in Baker Hughes Company (NASDAQ:BKR) by 27.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,938 shares of the company’s stock after acquiring an additional 2,555 shares during the period. Stephens Inc. AR’s holdings in Baker Hughes were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKR. Wayfinding Financial LLC purchased a new position in Baker Hughes during the first quarter valued at $28,000. Golden State Wealth Management LLC grew its position in Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes in the 1st quarter worth $30,000. Harbour Investments Inc. increased its holdings in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays reissued an “overweight” rating on shares of Baker Hughes in a report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Baker Hughes in a report on Friday. The Goldman Sachs Group reduced their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, July 2nd. Capital One Financial lifted their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Seaport Res Ptn lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.91.

Insider Buying and Selling

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’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 directly owned 40,520 shares in the company, valued at $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the company’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 value 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Baker Hughes Price Performance

NASDAQ:BKR opened at $47.30 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 company has a market capitalization of $46.63 billion, a P/E ratio of 16.31, a P/E/G ratio of 2.04 and a beta of 0.99. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $50.92. The business’s 50-day moving average is $46.53 and its 200 day moving average is $41.73.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. Baker Hughes had a return on equity of 14.41% and a net margin of 10.43%.The business had revenue of $5.09 billion for the quarter. On average, equities research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. Baker Hughes’s dividend payout ratio is 31.72%.

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.