Baker Hughes Company $BKR Stock Purchased by Brighton Jones LLC

Brighton Jones LLC increased its position in shares of Baker Hughes Company (NASDAQ:BKR) by 139.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,767 shares of the company’s stock after buying an additional 10,924 shares during the period. Brighton Jones LLC’s holdings in Baker Hughes were worth $1,030,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. MCF Advisors LLC raised its holdings in shares of Baker Hughes by 121.4% in the 2nd quarter. MCF Advisors LLC now owns 476 shares of the company’s stock valued at $26,000 after purchasing an additional 261 shares in the last quarter. Latitude Advisors LLC acquired a new position in shares of Baker Hughes during the third quarter worth $27,000. Olistico Wealth LLC grew its stake in shares of Baker Hughes by 209.4% during the third quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock worth $27,000 after purchasing an additional 335 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in Baker Hughes by 260.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock worth $27,000 after buying an additional 359 shares during the last quarter. Finally, Godsey & Gibb Inc. acquired a new position in shares of Baker Hughes during the 3rd quarter worth about $33,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKR has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Baker Hughes from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Baker Hughes in a research note on Friday, October 9th. Stifel Nicolaus lifted their price target on Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Susquehanna boosted their price objective on Baker Hughes from $72.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, September 10th. Finally, Royal Bank Of Canada decreased their price objective on Baker Hughes from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and an average target price of $70.27.

Insider Buying and Selling at Baker Hughes

In other news, Director John Rice bought 10,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were acquired at an average price of $53.10 per share, with a total value of $531,000.00. Following the completion of the acquisition, the director directly owned 77,315 shares in the company, valued at approximately $4,105,426.50. The trade was a 14.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by insiders.

Baker Hughes Trading Up 3.4%

Shares of BKR stock opened at $49.41 on Thursday. The business’s 50 day moving average is $56.04 and its two-hundred day moving average is $59.95. Baker Hughes Company has a twelve month low of $44.26 and a twelve month high of $70.41. The company has a market capitalization of $49.07 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.85.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.74 billion. During the same period last year, the firm posted $0.68 EPS. Baker Hughes’s quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts forecast that Baker Hughes Company will post 2.56 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, November 10th. Baker Hughes’s dividend payout ratio (DPR) is 31.72%.

Baker Hughes Company Profile

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides products and services to the oil and gas industry and other industrial markets. Its offerings include equipment and services used across the energy value chain, from exploration and production to transportation and processing. The company also develops turbomachinery, industrial equipment, digital technologies and solutions for energy and industrial applications. Its portfolio includes technologies designed to support more efficient operations and lower-emissions energy systems.