180 Wealth Advisors LLC Has $923,000 Position in Baker Hughes (NASDAQ:BKR)

180 Wealth Advisors LLC boosted its holdings in Baker Hughes (NASDAQ:BKR) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,506 shares of the company’s stock after purchasing an additional 295 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Baker Hughes were worth $923,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC bought a new position in Baker Hughes during the 2nd quarter valued at $48,000. DekaBank Deutsche Girozentrale lifted its stake in Baker Hughes by 3.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 435,174 shares of the company’s stock valued at $14,933,000 after acquiring an additional 14,670 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Baker Hughes by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company’s stock valued at $348,074,000 after acquiring an additional 680,621 shares in the last quarter. Lmcg Investments LLC lifted its stake in Baker Hughes by 0.6% during the 2nd quarter. Lmcg Investments LLC now owns 130,839 shares of the company’s stock valued at $4,602,000 after acquiring an additional 800 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in Baker Hughes by 20.1% during the 2nd quarter. Moors & Cabot Inc. now owns 56,437 shares of the company’s stock valued at $1,985,000 after acquiring an additional 9,456 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $44.83 on Tuesday. The business has a 50 day moving average of $42.41 and a 200 day moving average of $38.07. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.72 and a beta of 1.39. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $45.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. Baker Hughes’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. On average, sell-side analysts predict that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.87%. Baker Hughes’s payout ratio is currently 37.67%.

Analyst Ratings Changes

Several equities analysts have weighed in on BKR shares. Wells Fargo & Company raised their price objective on Baker Hughes from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Jefferies Financial Group lifted their target price on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Susquehanna lifted their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, October 24th. Argus upgraded Baker Hughes from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Benchmark reiterated a “buy” rating and set a $42.00 target price on shares of Baker Hughes in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $47.18.

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.