Atomi Financial Group Inc. Boosts Stock Holdings in Baker Hughes (NASDAQ:BKR)

Atomi Financial Group Inc. grew its stake in shares of Baker Hughes (NASDAQ:BKR) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,181 shares of the company’s stock after buying an additional 2,147 shares during the quarter. Atomi Financial Group Inc.’s holdings in Baker Hughes were worth $910,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BKR. Bridges Investment Management Inc. grew its stake in shares of Baker Hughes by 3.1% in the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock worth $333,000 after purchasing an additional 273 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Baker Hughes by 1.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after buying an additional 295 shares during the period. Graypoint LLC grew its position in shares of Baker Hughes by 3.0% in the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company’s stock worth $372,000 after buying an additional 301 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Baker Hughes by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock valued at $1,079,000 after buying an additional 398 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of Baker Hughes by 4.6% during the third quarter. Hantz Financial Services Inc. now owns 9,027 shares of the company’s stock valued at $326,000 after acquiring an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Shares of Baker Hughes stock opened at $45.81 on Thursday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $47.47. The firm’s 50-day moving average is $42.85 and its 200 day moving average is $38.56. The stock has a market cap of $45.33 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88.

Baker Hughes (NASDAQ:BKR) last issued 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. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Baker Hughes will post 2.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BKR has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, November 25th. BMO Capital Markets boosted their price target on shares of Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Royal Bank of Canada increased their price target on shares of Baker Hughes from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Baker Hughes from $42.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Barclays increased their target price on Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.53.

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.