180 Wealth Advisors LLC Acquires 295 Shares of Baker Hughes (NASDAQ:BKR)

180 Wealth Advisors LLC lifted its holdings in shares of Baker Hughes (NASDAQ:BKR) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,506 shares of the company’s stock after purchasing an additional 295 shares during the period. 180 Wealth Advisors LLC’s holdings in Baker Hughes were worth $923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in Baker Hughes in the third quarter worth $30,000. True Wealth Design LLC grew its stake in Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after purchasing an additional 829 shares during the period. Groupama Asset Managment grew its stake in Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock worth $32,000 after purchasing an additional 811,711 shares during the period. Continuum Advisory LLC grew its stake in Baker Hughes by 442.2% in the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Baker Hughes in the second quarter worth $48,000. Institutional investors own 92.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America upped their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Atb Cap Markets cut Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. TD Cowen cut their target price on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Benchmark reissued a “buy” rating and issued a $42.00 target price on shares of Baker Hughes in a research note on Thursday, October 24th. Finally, UBS Group cut their target price on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.18.

Baker Hughes Price Performance

NASDAQ BKR opened at $44.83 on Tuesday. Baker Hughes has a one year low of $28.32 and a one year high of $45.17. The stock has a 50-day moving average of $42.41 and a 200 day moving average of $38.07. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.72 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. On average, sell-side analysts forecast that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.87%. Baker Hughes’s payout ratio is 37.67%.

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.