Mather Group LLC. Has $80,000 Stake in Baker Hughes (NASDAQ:BKR)

Mather Group LLC. trimmed its position in shares of Baker Hughes (NASDAQ:BKR) by 93.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,354 shares of the company’s stock after selling 33,730 shares during the period. Mather Group LLC.’s holdings in Baker Hughes were worth $80,000 as of its most recent SEC filing.

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

Baker Hughes Stock Performance

Baker Hughes stock opened at $32.93 on Friday. The company has a market cap of $32.86 billion, a PE ratio of 18.40, a PEG ratio of 0.56 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $37.58. The company’s 50-day moving average is $32.37 and its two-hundred day moving average is $31.95.

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

Baker Hughes Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.55%. Baker Hughes’s dividend payout ratio (DPR) is presently 46.93%.

Analyst Ratings Changes

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

Insider Activity at Baker Hughes

In other news, EVP Maria C. Borras sold 55,980 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 92,035 shares of the company’s stock, valued at approximately $2,945,120. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, 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 transaction of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares of the company’s stock, valued at $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the sale, the executive vice president now directly owns 92,035 shares in the company, valued at $2,945,120. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

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.