Sheaff Brock Investment Advisors LLC Invests $7.79 Million in Baker Hughes (NASDAQ:BKR)

Sheaff Brock Investment Advisors LLC bought a new stake in Baker Hughes (NASDAQ:BKR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 189,786 shares of the company’s stock, valued at approximately $7,785,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridges Investment Management Inc. increased its stake in Baker Hughes by 3.1% during the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock worth $333,000 after acquiring an additional 273 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Baker Hughes by 1.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after purchasing an additional 295 shares during the period. Graypoint LLC increased its position in Baker Hughes by 3.0% during the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company’s stock worth $372,000 after purchasing an additional 301 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Baker Hughes by 1.8% in the fourth quarter. Bleakley Financial Group LLC now owns 20,984 shares of the company’s stock valued at $861,000 after buying an additional 380 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its position in Baker Hughes by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock valued at $1,079,000 after buying an additional 398 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Trading Up 0.5 %

NASDAQ BKR opened at $46.40 on Friday. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.07 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. Baker Hughes has a 12 month low of $28.66 and a 12 month high of $49.40. The company’s fifty day moving average price is $43.81 and its two-hundred day moving average price is $39.83.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate 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, research analysts predict that Baker Hughes will post 2.57 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be given a $0.23 dividend. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.98%. Baker Hughes’s dividend payout ratio (DPR) is presently 28.19%.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated 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 of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group increased their price target on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. TD Cowen reduced their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Citigroup increased their target price on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Piper Sandler boosted their price target on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.06.

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.