Cerity Partners LLC Buys 4,944 Shares of Baker Hughes (NASDAQ:BKR)

Cerity Partners LLC increased its stake in Baker Hughes (NASDAQ:BKR) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,216 shares of the company’s stock after acquiring an additional 4,944 shares during the period. Cerity Partners LLC’s holdings in Baker Hughes were worth $657,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new stake in Baker Hughes in the 4th quarter worth $33,000. OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the third quarter worth about $36,000. Rational Advisors LLC grew its stake in shares of Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after purchasing an additional 382 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock worth $54,000 after purchasing an additional 421 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Baker Hughes during the 3rd quarter valued at about $76,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. Barclays cut their price objective on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. TD Cowen boosted their price objective on shares of Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Morgan Stanley upped their price objective on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday. Citigroup cut their target price on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, Wolfe Research downgraded shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $33.00 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25. The company has a 50 day simple moving average of $31.82 and a two-hundred day simple moving average of $32.55. Baker Hughes has a fifty-two week low of $26.81 and a fifty-two week high of $37.58. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.62 and a beta of 1.42.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. Analysts expect that Baker Hughes will post 2.07 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.55%. Baker Hughes’s dividend payout ratio is currently 43.98%.

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.