Kingswood Wealth Advisors LLC Sells 1,132 Shares of Baker Hughes (NASDAQ:BKR)

Kingswood Wealth Advisors LLC decreased its holdings in Baker Hughes (NASDAQ:BKR) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,906 shares of the company’s stock after selling 1,132 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Baker Hughes were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BKR. Kestra Advisory Services LLC boosted its position in Baker Hughes by 62.7% during the third quarter. Kestra Advisory Services LLC now owns 13,312 shares of the company’s stock valued at $470,000 after acquiring an additional 5,128 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Baker Hughes by 10.0% during the third quarter. LPL Financial LLC now owns 160,631 shares of the company’s stock valued at $5,674,000 after purchasing an additional 14,542 shares during the period. Federated Hermes Inc. raised its holdings in shares of Baker Hughes by 109.5% during the third quarter. Federated Hermes Inc. now owns 9,958 shares of the company’s stock valued at $352,000 after purchasing an additional 5,204 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Baker Hughes by 72.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 34,121 shares of the company’s stock valued at $1,205,000 after purchasing an additional 14,381 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Baker Hughes during the third quarter valued at about $29,400,000. Institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $169,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 shares were 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 directly owns 92,035 shares in the company, valued at approximately $2,945,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was 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 in the company, valued at $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Baker Hughes Stock Up 2.2 %

Baker Hughes stock opened at $35.17 on Friday. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $37.58. The firm has a 50 day moving average price of $32.61 and a 200-day moving average price of $32.04. The company has a market capitalization of $35.10 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

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

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, May 3rd. Baker Hughes’s dividend payout ratio (DPR) is presently 46.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BKR. The Goldman Sachs Group upped their price objective on shares of Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Morgan Stanley upped their target price on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. UBS Group upped their target price on shares of Baker Hughes from $35.00 to $36.00 in a report on Tuesday, April 23rd. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Baker Hughes in a report on Wednesday, April 24th. Finally, Jefferies Financial Group upped their target price on shares of Baker Hughes from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.27.

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.