Sabal Trust CO Increases Stock Position in Baker Hughes (NASDAQ:BKR)

Sabal Trust CO boosted its stake in shares of Baker Hughes (NASDAQ:BKR) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,891 shares of the company’s stock after purchasing an additional 4,285 shares during the period. Sabal Trust CO’s holdings in Baker Hughes were worth $1,349,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Cromwell Holdings LLC increased its stake in Baker Hughes by 9.3% in the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock worth $130,000 after buying an additional 269 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Baker Hughes by 3.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock valued at $333,000 after acquiring an additional 273 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Baker Hughes by 1.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after purchasing an additional 295 shares during the last quarter. Graypoint LLC raised its stake in Baker Hughes by 3.0% during the third quarter. Graypoint LLC now owns 10,288 shares of the company’s stock valued at $372,000 after purchasing an additional 301 shares in the last quarter. Finally, Key Financial Inc lifted its position in Baker Hughes by 16.3% during the fourth quarter. Key Financial Inc now owns 2,676 shares of the company’s stock valued at $110,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 1.3 %

Baker Hughes stock opened at $44.04 on Wednesday. The business’s 50-day simple moving average is $44.38 and its two-hundred day simple moving average is $40.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a market cap of $43.60 billion, a PE ratio of 14.78, a PEG ratio of 2.00 and a beta of 1.39. Baker Hughes has a fifty-two week low of $29.19 and a fifty-two week high of $49.40.

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

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is currently 30.87%.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

BKR has been the topic of several recent research reports. Citigroup upped their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Susquehanna increased their price target on Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Evercore ISI lifted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Finally, Atb Cap Markets lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

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.