Empowered Funds LLC Has $7.33 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Empowered Funds LLC raised its holdings in Baker Hughes (NASDAQ:BKR) by 13.0% during the first quarter, HoldingsChannel reports. The firm owned 218,674 shares of the company’s stock after acquiring an additional 25,192 shares during the quarter. Empowered Funds LLC’s holdings in Baker Hughes were worth $7,326,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Baker Hughes by 15.5% during the 4th quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock valued at $85,000 after acquiring an additional 327 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Baker Hughes by 6.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock valued at $219,000 after acquiring an additional 398 shares in the last quarter. Aspire Private Capital LLC boosted its holdings in shares of Baker Hughes by 9.3% during the 4th quarter. Aspire Private Capital LLC now owns 5,733 shares of the company’s stock valued at $196,000 after acquiring an additional 486 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Baker Hughes by 6.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,151 shares of the company’s stock valued at $273,000 after acquiring an additional 490 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in shares of Baker Hughes by 100.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Baker Hughes in a report on Wednesday, April 24th. Morgan Stanley lifted their target price on Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. UBS Group lifted their target price on Baker Hughes from $35.00 to $36.00 in a report on Tuesday, April 23rd. The Goldman Sachs Group lifted their target price on Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group lifted their price objective on Baker Hughes from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $41.27.

Baker Hughes Stock Down 0.0 %

Baker Hughes stock traded down $0.01 during midday trading on Friday, reaching $34.50. The stock had a trading volume of 4,748,116 shares, compared to its average volume of 5,319,289. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $37.58. The company has a market capitalization of $34.43 billion, a P/E ratio of 19.27, a PEG ratio of 0.59 and a beta of 1.41. The company has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $32.09. 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 (NASDAQ:BKR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. As a group, equities analysts expect that Baker Hughes will post 2.09 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, May 3rd. 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.