Vanguard Personalized Indexing Management LLC Purchases 8,023 Shares of Baker Hughes Company $BKR

Vanguard Personalized Indexing Management LLC raised its position in Baker Hughes Company (NASDAQ:BKR) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 115,110 shares of the company’s stock after acquiring an additional 8,023 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Baker Hughes were worth $4,414,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the business. Prosperity Consulting Group LLC lifted its stake in shares of Baker Hughes by 2.7% in the 1st quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company’s stock worth $463,000 after purchasing an additional 278 shares during the period. V Square Quantitative Management LLC raised its position in Baker Hughes by 1.4% in the second quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company’s stock worth $834,000 after acquiring an additional 292 shares during the period. Greenleaf Trust raised its position in Baker Hughes by 2.2% in the first quarter. Greenleaf Trust now owns 13,852 shares of the company’s stock worth $609,000 after acquiring an additional 293 shares during the period. Moody National Bank Trust Division raised its position in Baker Hughes by 5.9% in the second quarter. Moody National Bank Trust Division now owns 5,351 shares of the company’s stock worth $205,000 after acquiring an additional 296 shares during the period. Finally, City Center Advisors LLC raised its holdings in Baker Hughes by 3.6% in the 2nd quarter. City Center Advisors LLC now owns 8,486 shares of the company’s stock worth $325,000 after purchasing an additional 298 shares during the period. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Down 1.5%

Baker Hughes stock opened at $44.83 on Wednesday. The stock has a market cap of $44.20 billion, a P/E ratio of 14.65, a PEG ratio of 2.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92. The firm’s 50 day moving average price is $45.99 and its 200-day moving average price is $41.35.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $5.09 billion for the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. On average, equities analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

Insiders Place Their Bets

In related news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer owned 11,772 shares in the company, valued at $588,600. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 553,068 shares of company stock valued at $24,712,651 in the last quarter. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Melius assumed coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Susquehanna raised their target price on shares of Baker Hughes from $52.00 to $56.00 and gave the stock a “positive” rating in a research note on Thursday, October 2nd. Melius Research began coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.57.

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.