Mather Group LLC. Sells 3,662 Shares of Baker Hughes Company (NASDAQ:BKR)

Mather Group LLC. lowered its position in Baker Hughes Company (NASDAQ:BKR) by 29.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,876 shares of the company’s stock after selling 3,662 shares during the period. Mather Group LLC.’s holdings in Baker Hughes were worth $390,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Baker Hughes during the fourth quarter valued at $30,000. Larson Financial Group LLC raised its stake in shares of Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after acquiring an additional 216 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after purchasing an additional 604 shares during the period. Grove Bank & Trust grew its holdings in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after purchasing an additional 320 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BKR shares. Morgan Stanley cut their price objective on Baker Hughes from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. TD Cowen lowered their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Evercore ISI reduced their target price on shares of Baker Hughes from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Piper Sandler reduced their price objective on Baker Hughes from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and an average target price of $48.50.

Baker Hughes Price Performance

Baker Hughes stock opened at $39.62 on Friday. The company has a fifty day simple moving average of $37.64 and a 200-day simple moving average of $41.02. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $39.25 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 4.24 and a beta of 0.91. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.54 billion. On average, equities analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes’s dividend payout ratio is currently 31.40%.

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.