10,847 Shares in Baker Hughes (NASDAQ:BKR) Acquired by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC bought a new stake in shares of Baker Hughes (NASDAQ:BKRFree Report) in the 3rd quarter, Holdings Channel reports. The fund bought 10,847 shares of the company’s stock, valued at approximately $383,000.

Other large investors also recently modified their holdings of the company. Hall Laurie J Trustee acquired a new position in Baker Hughes in the third quarter worth about $28,000. Rational Advisors LLC acquired a new position in Baker Hughes in the second quarter worth about $27,000. Miller Wealth Advisors LLC grew its stake in Baker Hughes by 6,306.3% in the second quarter. Miller Wealth Advisors LLC now owns 1,025 shares of the company’s stock worth $32,000 after purchasing an additional 1,009 shares in the last quarter. OFI Invest Asset Management acquired a new position in Baker Hughes in the third quarter worth about $36,000. Finally, Rise Advisors LLC grew its stake in Baker Hughes by 817.9% in the third quarter. Rise Advisors LLC now owns 1,129 shares of the company’s stock worth $40,000 after purchasing an additional 1,006 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $28.80 on Tuesday. Baker Hughes has a 12 month low of $26.12 and a 12 month high of $37.58. The stock has a market cap of $28.98 billion, a price-to-earnings ratio of 15.08 and a beta of 1.43. The stock’s 50 day moving average price is $32.25 and its 200 day moving average price is $34.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.86.

Baker Hughes (NASDAQ:BKRGet Free Report) last announced its earnings results on Wednesday, January 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. Equities research analysts anticipate that Baker Hughes will post 2.12 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th will be given a $0.21 dividend. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.84 annualized dividend and a yield of 2.92%. Baker Hughes’s payout ratio is 41.88%.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent research reports. Morgan Stanley raised their target price on shares of Baker Hughes from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, October 17th. TD Cowen raised their target price on shares of Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. 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 report on Friday, January 26th. Wolfe Research cut shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Finally, Barclays cut their target price on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.44.

View Our Latest Research Report on Baker Hughes

Baker Hughes Company Profile

(Free Report)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). 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.

Further Reading

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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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