Baker Hughes Company $BKR Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in shares of Baker Hughes Company (NASDAQ:BKR) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,582 shares of the company’s stock after purchasing an additional 8,828 shares during the period. Public Sector Pension Investment Board’s holdings in Baker Hughes were worth $10,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BKR. Activest Wealth Management increased its holdings in shares of Baker Hughes by 1,242.5% during the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after buying an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Baker Hughes by 104.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after acquiring an additional 337 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Baker Hughes in the second quarter worth approximately $36,000. Harbour Investments Inc. increased its stake in 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 acquiring an additional 326 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Baker Hughes during the second quarter worth $36,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

NASDAQ BKR opened at $61.20 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00. The company has a market cap of $60.48 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.65 and a beta of 0.89. The stock has a 50-day moving average of $51.44 and a two-hundred day moving average of $48.44. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $62.27.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.11. The business had revenue of $7.39 billion for 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%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. As a group, analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders 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 of this dividend is Tuesday, February 17th. Baker Hughes’s dividend payout ratio (DPR) is currently 35.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKR. Royal Bank Of Canada reiterated an “outperform” rating and set a $57.00 price target on shares of Baker Hughes in a report on Thursday, January 15th. Capital One Financial upped their target price on shares of Baker Hughes from $53.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. TD Cowen increased their target price on shares of Baker Hughes from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Stifel Nicolaus upped their price objective on shares of Baker Hughes from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.78.

Insiders Place Their Bets

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,985 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $55.77, for a total value of $110,703.45. Following the completion of the transaction, the chief accounting officer owned 12,052 shares in the company, valued at $672,140.04. The trade was a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William G. Beattie sold 18,023 shares of the stock in a transaction 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 SEC filing for this sale provides additional information. Insiders sold a total of 40,001 shares of company stock worth $2,322,692 over the last 90 days. Corporate 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.