Jones Financial Companies Lllp Has $372,000 Position in Baker Hughes (NASDAQ:BKR)

Jones Financial Companies Lllp raised its holdings in Baker Hughes (NASDAQ:BKR) by 144.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,069 shares of the company’s stock after acquiring an additional 5,362 shares during the quarter. Jones Financial Companies Lllp’s holdings in Baker Hughes were worth $372,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BKR. Dynasty Wealth Management LLC lifted its stake in shares of Baker Hughes by 2.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock valued at $324,000 after purchasing an additional 207 shares during the last quarter. Cromwell Holdings LLC raised its holdings in Baker Hughes by 9.3% during the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock valued at $130,000 after buying an additional 269 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in Baker Hughes by 1.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock valued at $923,000 after buying an additional 295 shares in the last quarter. Key Financial Inc lifted its position in shares of Baker Hughes by 16.3% in the fourth quarter. Key Financial Inc now owns 2,676 shares of the company’s stock worth $110,000 after buying an additional 376 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of Baker Hughes by 1.8% during the 4th quarter. Bleakley Financial Group LLC now owns 20,984 shares of the company’s stock worth $861,000 after acquiring an additional 380 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Trading Up 1.7 %

Shares of BKR stock opened at $41.85 on Wednesday. The firm has a fifty day moving average of $44.84 and a 200-day moving average of $40.94. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.00 and a beta of 1.30. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

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

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is currently 30.87%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

BKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler boosted their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus upped their price target on shares of Baker Hughes from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.06.

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.