180 Wealth Advisors LLC Has $840,000 Stock Holdings in Baker Hughes Company $BKR

180 Wealth Advisors LLC reduced its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 3.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,913 shares of the company’s stock after selling 826 shares during the period. 180 Wealth Advisors LLC’s holdings in Baker Hughes were worth $840,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in Baker Hughes in the first quarter valued at about $28,000. N.E.W. Advisory Services LLC bought a new position in Baker Hughes in the first quarter valued at about $30,000. Golden State Wealth Management LLC lifted its stake in shares of Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after acquiring an additional 604 shares during the period. Spire Wealth Management increased its holdings in Baker Hughes by 132.9% in the first 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. Finally, Harbour Investments Inc. increased its holdings in shares of Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after acquiring an additional 326 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $47.30 on Friday. The firm has a market capitalization of $46.63 billion, a P/E ratio of 16.31, a P/E/G ratio of 2.11 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $46.53 and its two-hundred day simple moving average is $41.69. Baker Hughes Company has a twelve month low of $33.60 and a twelve month high of $50.92.

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

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 1.9%. Baker Hughes’s dividend payout ratio is 31.72%.

Insider Activity at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,000 shares of the business’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 completion of the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at approximately $588,600. The trade was a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’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 value of $1,250,000.00. Following the transaction, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BKR. UBS Group lifted their target price on Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Seaport Res Ptn cut Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a research report on Wednesday, July 30th. Bank of America boosted their price objective on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Melius initiated coverage on Baker Hughes in a research report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price objective on the stock. Twenty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.91.

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.