36,396 Shares in Baker Hughes Company $BKR Acquired by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC bought a new position in shares of Baker Hughes Company (NASDAQ:BKR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,396 shares of the company’s stock, valued at approximately $1,773,000.

A number of other large investors have also modified their holdings of the stock. Activest Wealth Management boosted its holdings in Baker Hughes by 1,242.5% in the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock valued at $26,000 after purchasing an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Baker Hughes by 104.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the period. Harbour Investments Inc. grew its position in shares of Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after buying an additional 326 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Baker Hughes during the second quarter worth approximately $36,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Baker Hughes during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Shares of BKR opened at $61.20 on Friday. The company’s 50 day simple moving average is $51.17 and its 200-day simple moving average is $48.31. The firm has a market cap of $60.39 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $62.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28.

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

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, February 17th. Baker Hughes’s payout ratio is 35.38%.

Analyst Ratings Changes

Several research firms have commented on BKR. Capital One Financial boosted their price target on shares of Baker Hughes from $53.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Susquehanna boosted their target price on shares of Baker Hughes from $58.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Barclays raised their price target on Baker Hughes from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $57.00 price objective on shares of Baker Hughes in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Baker Hughes in a research note on Monday, December 29th. Twenty analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.78.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 843 shares of Baker Hughes stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $56.34, for a total value of $47,494.62. Following the transaction, the chief accounting officer directly owned 14,019 shares in the company, valued at approximately $789,830.46. This trade represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William G. Beattie sold 18,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $57.29, for a total value of $1,032,537.67. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,001 shares of company stock valued at $2,322,692 in the last ninety days. Insiders own 0.27% of the company’s stock.

Baker Hughes Company 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.