180 Wealth Advisors LLC Has $740,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

180 Wealth Advisors LLC raised its position in Baker Hughes (NASDAQ:BKR) by 19.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 22,083 shares of the company’s stock after purchasing an additional 3,671 shares during the period. 180 Wealth Advisors LLC’s holdings in Baker Hughes were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in Baker Hughes during the fourth quarter worth approximately $4,813,000. Nordea Investment Management AB increased its stake in shares of Baker Hughes by 731.1% in the 4th quarter. Nordea Investment Management AB now owns 1,458,833 shares of the company’s stock valued at $49,732,000 after purchasing an additional 1,283,296 shares during the last quarter. Cibc World Markets Corp raised its holdings in shares of Baker Hughes by 59.4% during the 4th quarter. Cibc World Markets Corp now owns 274,046 shares of the company’s stock worth $9,367,000 after buying an additional 102,174 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Baker Hughes by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 905,513 shares of the company’s stock worth $31,983,000 after buying an additional 97,108 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in Baker Hughes in the fourth quarter valued at about $13,672,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Susquehanna reiterated a “positive” rating and issued a $40.00 target price on shares of Baker Hughes in a research report on Monday, April 8th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a report on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on shares of Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd. UBS Group boosted their target price on shares of Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Finally, Morgan Stanley upped their price target on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.13.

Baker Hughes Trading Down 0.1 %

Shares of Baker Hughes stock traded down $0.05 during midday trading on Thursday, reaching $34.42. The company had a trading volume of 5,117,592 shares, compared to its average volume of 7,885,419. The stock has a fifty day moving average price of $32.52 and a 200 day moving average price of $32.01. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $37.58. The firm has a market cap of $34.35 billion, a PE ratio of 19.23, a P/E/G ratio of 0.60 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) 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 firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that Baker Hughes will post 2.09 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.44%. Baker Hughes’s payout ratio is currently 46.93%.

Insider Transactions at Baker Hughes

In related news, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares in the company, valued at approximately $508,132.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $32.00, for a total value of $1,791,360.00. Following the transaction, the executive vice president now owns 92,035 shares in the company, valued at $2,945,120. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction that occurred 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 owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Baker Hughes 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.