Baker Hughes (NASDAQ:BKR - Get Free Report) SVP James E. Apostolides sold 5,000 shares of Baker Hughes 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 sale, the senior vice president now directly owns 14,998 shares in the company, valued at $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Baker Hughes Trading Down 0.2 %
Shares of NASDAQ:BKR opened at $34.19 on Wednesday. Baker Hughes has a 52-week low of $26.81 and a 52-week high of $37.58. The company has a market capitalization of $34.22 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. The company has a 50-day simple moving average of $31.06 and a 200 day simple moving average of $32.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the business posted $0.38 EPS. Baker Hughes's revenue was up 15.7% on a year-over-year basis. Sell-side analysts forecast that Baker Hughes will post 2.07 earnings per share for the current year.
Baker Hughes Increases Dividend
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The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 13th were paid a $0.21 dividend. This is an increase from Baker Hughes's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, February 12th. Baker Hughes's dividend payout ratio (DPR) is 43.98%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Susquehanna reissued a "positive" rating and issued a $40.00 target price on shares of Baker Hughes in a report on Monday. Citigroup dropped their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 26th. Barclays dropped their price objective on shares of Baker Hughes from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. TD Cowen upped their price objective on shares of Baker Hughes from $46.00 to $49.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 target price on shares of Baker Hughes in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.87.
View Our Latest Stock Analysis on Baker Hughes
Institutional Investors Weigh In On Baker Hughes
Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC raised its holdings in Baker Hughes by 46.9% in the 1st quarter. Rise Advisors LLC now owns 1,667 shares of the company's stock valued at $56,000 after acquiring an additional 532 shares during the period. First Hawaiian Bank raised its holdings in Baker Hughes by 6.5% in the 1st quarter. First Hawaiian Bank now owns 82,327 shares of the company's stock valued at $2,758,000 after acquiring an additional 5,012 shares during the period. CWM LLC raised its holdings 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 acquiring an additional 4,018 shares during the period. HighPoint Advisor Group LLC bought a new position in Baker Hughes in the 4th quarter valued at about $227,000. Finally, PNC Financial Services Group Inc. raised its holdings in Baker Hughes by 0.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 107,946 shares of the company's stock valued at $3,690,000 after acquiring an additional 525 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.
About Baker Hughes
(
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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.
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