Baker Hughes (NASDAQ:BKR) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in Baker Hughes (NASDAQ:BKR) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,298 shares of the company’s stock after acquiring an additional 1,130 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Baker Hughes were worth $660,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BKR. Bruce G. Allen Investments LLC acquired a new stake in Baker Hughes in the fourth quarter valued at approximately $33,000. OFI Invest Asset Management acquired a new stake in Baker Hughes in the third quarter valued at approximately $36,000. Rational Advisors LLC raised its holdings in Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock valued at $44,000 after acquiring an additional 382 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock valued at $54,000 after acquiring an additional 421 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Baker Hughes in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. The Goldman Sachs Group raised their price objective on shares of Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Citigroup cut their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Baker Hughes in a report on Wednesday, April 24th. Finally, Susquehanna reissued a “positive” rating and set a $40.00 price objective on shares of Baker Hughes in a report on Monday, April 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $40.94.

Insider Buying and Selling

In related news, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the sale, the senior vice president now directly owns 14,451 shares in the company, valued at approximately $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total value of $294,400.00. Following the transaction, the senior vice president now directly owns 14,451 shares in the company, valued at approximately $425,437.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the transaction, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $31.92 on Friday. The firm’s fifty day moving average price is $32.35 and its 200 day moving average price is $32.45. Baker Hughes has a 1-year low of $26.96 and a 1-year high of $37.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84. The firm has a market cap of $31.95 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.44.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that Baker Hughes will post 2.08 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be given a $0.21 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. Baker Hughes’s dividend payout ratio is presently 46.93%.

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.