HighTower Advisors LLC Has $27.12 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

HighTower Advisors LLC boosted its stake in shares of Baker Hughes (NASDAQ:BKR) by 13.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 661,180 shares of the company’s stock after buying an additional 76,470 shares during the period. HighTower Advisors LLC owned approximately 0.07% of Baker Hughes worth $27,122,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. JFS Wealth Advisors LLC raised its holdings in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes in the 4th quarter valued at $30,000. Larson Financial Group LLC increased its stake in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after buying an additional 216 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Baker Hughes during the 3rd quarter worth about $30,000. Finally, True Wealth Design LLC boosted its stake in shares of Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after buying an additional 829 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BKR shares. Evercore ISI raised their price target on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Wells Fargo & Company boosted their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Atb Cap Markets cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.06.

Baker Hughes Trading Up 2.6 %

Shares of Baker Hughes stock opened at $42.84 on Friday. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The stock has a market cap of $42.42 billion, a PE ratio of 14.38, a PEG ratio of 2.00 and a beta of 1.30. The firm has a 50-day moving average of $44.88 and a 200-day moving average of $41.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.23 dividend. The ex-dividend date was Tuesday, February 11th. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.15%. Baker Hughes’s payout ratio is currently 30.87%.

Baker Hughes Company 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.