Nisa Investment Advisors LLC Acquires 11,735 Shares of Baker Hughes Company $BKR

Nisa Investment Advisors LLC grew its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,286 shares of the company’s stock after buying an additional 11,735 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Baker Hughes were worth $8,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKR. CoreCap Advisors LLC lifted its position in Baker Hughes by 16.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,619 shares of the company’s stock valued at $74,000 after acquiring an additional 228 shares in the last quarter. AMG National Trust Bank increased its holdings in Baker Hughes by 3.7% during the 3rd quarter. AMG National Trust Bank now owns 6,831 shares of the company’s stock worth $333,000 after purchasing an additional 246 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Baker Hughes by 45.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Baker Hughes by 1.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 19,674 shares of the company’s stock worth $959,000 after purchasing an additional 257 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Baker Hughes by 4.4% in the third quarter. Wealthcare Advisory Partners LLC now owns 6,282 shares of the company’s stock worth $306,000 after purchasing an additional 264 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Performance

BKR stock opened at $60.34 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a market cap of $59.63 billion, a PE ratio of 23.21, a P/E/G ratio of 1.65 and a beta of 0.83. The business has a 50 day moving average of $59.95 and a 200-day moving average of $52.14. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $67.00.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business had revenue of $7.39 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company posted $0.70 earnings per share. Baker Hughes’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, February 17th. Baker Hughes’s payout ratio is presently 35.38%.

Insider Activity at Baker Hughes

In related news, Director William G. Beattie sold 18,023 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $57.29, for a total transaction of $1,032,537.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca L. Charlton sold 1,985 shares of Baker Hughes stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $55.77, for a total transaction of $110,703.45. Following the completion of the sale, the chief accounting officer directly owned 12,052 shares in the company, valued at approximately $672,140.04. This represents a 14.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 590,251 shares of company stock valued at $35,311,023 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BKR. Citigroup lifted their target price on Baker Hughes from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. increased their price target on Baker Hughes from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Argus raised their price objective on Baker Hughes from $55.00 to $67.00 in a research note on Tuesday, January 27th. Wall Street Zen lowered shares of Baker Hughes from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, UBS Group increased their target price on shares of Baker Hughes from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Twenty equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.61.

Baker Hughes Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.