Smartleaf Asset Management LLC Purchases 9,052 Shares of Baker Hughes (NASDAQ:BKR)

Smartleaf Asset Management LLC lifted its position in Baker Hughes (NASDAQ:BKR) by 65.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,929 shares of the company’s stock after purchasing an additional 9,052 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Baker Hughes were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKR. Wealth Enhancement Advisory Services LLC boosted its holdings in Baker Hughes by 41.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,050 shares of the company’s stock valued at $1,448,000 after purchasing an additional 11,834 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Baker Hughes by 51.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,574 shares of the company’s stock worth $129,000 after buying an additional 1,208 shares during the period. Angeles Wealth Management LLC acquired a new stake in Baker Hughes in the 3rd quarter valued at $209,000. Robeco Institutional Asset Management B.V. grew its position in Baker Hughes by 63.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,001,870 shares of the company’s stock valued at $72,368,000 after acquiring an additional 780,417 shares during the period. Finally, National Pension Service raised its stake in Baker Hughes by 6.4% during the third quarter. National Pension Service now owns 1,362,973 shares of the company’s stock worth $49,271,000 after acquiring an additional 81,625 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Trading Up 2.3 %

Shares of NASDAQ BKR opened at $44.59 on Monday. Baker Hughes has a twelve month low of $29.30 and a twelve month high of $49.40. The stock has a market cap of $44.15 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.00 and a beta of 1.39. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average is $44.62 and its 200-day moving average is $40.57.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities research analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a $0.23 dividend. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.06%. Baker Hughes’s payout ratio is currently 30.87%.

Wall Street Analyst Weigh In

BKR has been the topic of several recent analyst reports. Evercore ISI boosted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays raised their price objective on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Bank of America boosted their target price on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, TD Cowen dropped their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $51.06.

Insider Buying and Selling

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by company insiders.

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.