Rise Advisors LLC Has $56,000 Stake in Baker Hughes (NASDAQ:BKR)

Rise Advisors LLC lifted its stake in shares of Baker Hughes (NASDAQ:BKR) by 46.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,667 shares of the company’s stock after acquiring an additional 532 shares during the period. Rise Advisors LLC’s holdings in Baker Hughes were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BKR. First Hawaiian Bank raised its stake in Baker Hughes by 6.5% during the 1st quarter. First Hawaiian Bank now owns 82,327 shares of the company’s stock worth $2,758,000 after buying an additional 5,012 shares during the period. CWM LLC grew its position in Baker Hughes by 21.9% in the 1st quarter. CWM LLC now owns 22,331 shares of the company’s stock valued at $748,000 after purchasing an additional 4,018 shares during the period. HighPoint Advisor Group LLC bought a new stake in Baker Hughes during the 4th quarter valued at $227,000. PNC Financial Services Group Inc. raised its holdings in Baker Hughes by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 107,946 shares of the company’s stock worth $3,690,000 after buying an additional 525 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of Baker Hughes by 7.2% in the fourth quarter. Wahed Invest LLC now owns 17,298 shares of the company’s stock valued at $591,000 after buying an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 55,980 shares of the stock in a transaction 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 sale, the executive vice president now owns 92,035 shares in the company, valued at $2,945,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the transaction, the executive vice president now owns 92,035 shares of the company’s stock, valued at $2,945,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of the firm’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 transaction of $169,400.00. Following the completion of 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. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BKR shares. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of Baker Hughes in a research report on Wednesday, April 24th. UBS Group raised their target price on Baker Hughes from $35.00 to $36.00 in a report on Tuesday, April 23rd. Morgan Stanley lifted their target price on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Susquehanna restated a “positive” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Monday, April 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of Baker Hughes from $36.00 to $38.00 in a research report on Tuesday, April 23rd. Three investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.13.

Baker Hughes Trading Up 2.6 %

Shares of BKR stock opened at $32.97 on Friday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $37.58. The company’s fifty day simple moving average is $32.38 and its two-hundred day simple moving average is $31.96. 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 stock has a market capitalization of $32.90 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.55 and a beta of 1.43.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Baker Hughes will post 2.09 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.84 annualized dividend and a yield of 2.55%. Baker Hughes’s dividend payout ratio is currently 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.