Carrera Capital Advisors Purchases 15,269 Shares of Baker Hughes (NASDAQ:BKR)

Carrera Capital Advisors grew its position in shares of Baker Hughes (NASDAQ:BKR) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,550 shares of the company’s stock after buying an additional 15,269 shares during the period. Baker Hughes makes up 0.7% of Carrera Capital Advisors’ holdings, making the stock its 29th biggest position. Carrera Capital Advisors’ holdings in Baker Hughes were worth $2,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKR. Charles Schwab Investment Management Inc. lifted its position in shares of Baker Hughes by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,086,903 shares of the company’s stock valued at $290,705,000 after acquiring an additional 135,200 shares during the period. Schechter Investment Advisors LLC acquired a new position in Baker Hughes in the fourth quarter valued at about $253,000. Fidelis Capital Partners LLC bought a new stake in Baker Hughes during the fourth quarter worth about $175,000. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes during the fourth quarter worth about $30,000. Finally, Jones Financial Companies Lllp increased its holdings in Baker Hughes by 144.6% in the 4th quarter. Jones Financial Companies Lllp now owns 9,069 shares of the company’s stock valued at $372,000 after buying an additional 5,362 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKR. Barclays upped their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised their target price on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Benchmark reissued a “buy” rating and set a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Finally, Evercore ISI upped their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Baker Hughes Stock Performance

Shares of Baker Hughes stock opened at $42.86 on Wednesday. The business has a 50-day moving average price of $44.73 and a two-hundred day moving average price of $40.68. Baker Hughes has a 1-year low of $29.30 and a 1-year high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market cap of $42.44 billion, a P/E ratio of 14.38, a PEG ratio of 2.00 and a beta of 1.30.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is 30.87%.

About Baker Hughes

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.