Baker Hughes Company $BKR Shares Bought by NBC Securities Inc.

NBC Securities Inc. raised its holdings in Baker Hughes Company (NASDAQ:BKRFree Report) by 316.2% during the 4th quarter, Holdings Channel reports. The firm owned 31,677 shares of the company’s stock after buying an additional 24,066 shares during the quarter. NBC Securities Inc.’s holdings in Baker Hughes were worth $1,443,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BKR. Capital International Investors acquired a new stake in Baker Hughes in the third quarter valued at approximately $729,670,000. Capital World Investors grew its holdings in Baker Hughes by 7.1% in the third quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock valued at $2,316,462,000 after purchasing an additional 3,153,709 shares during the period. First Trust Advisors LP grew its holdings in Baker Hughes by 25.7% in the third quarter. First Trust Advisors LP now owns 9,325,417 shares of the company’s stock valued at $454,334,000 after purchasing an additional 1,906,384 shares during the period. Capital Research Global Investors grew its holdings in Baker Hughes by 7.1% in the third quarter. Capital Research Global Investors now owns 25,903,241 shares of the company’s stock valued at $1,262,033,000 after purchasing an additional 1,728,016 shares during the period. Finally, Merewether Investment Management LP grew its holdings in Baker Hughes by 359.7% in the third quarter. Merewether Investment Management LP now owns 2,165,846 shares of the company’s stock valued at $105,520,000 after purchasing an additional 1,694,700 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Rebecca L. Charlton sold 1,985 shares of Baker Hughes stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $55.77, for a total transaction of $110,703.45. Following the transaction, the chief accounting officer owned 12,052 shares in the company, valued at approximately $672,140.04. This trade represents a 14.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lorenzo Simonelli sold 272,594 shares of Baker Hughes stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total value of $16,025,801.26. Following the transaction, the chief executive officer owned 866,444 shares in the company, valued at approximately $50,938,242.76. The trade was a 23.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 590,251 shares of company stock worth $35,311,023. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on BKR. Zephirin Group raised their price objective on Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 26th. Royal Bank Of Canada lifted their price target on Baker Hughes from $63.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Jefferies Financial Group lifted their price target on Baker Hughes from $59.00 to $67.00 and gave the stock a “buy” rating in a research note on Saturday, January 31st. Piper Sandler lifted their price target on Baker Hughes from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lifted their price target on Baker Hughes from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 27th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and an average price target of $61.86.

Read Our Latest Stock Report on BKR

Baker Hughes Stock Performance

Shares of NASDAQ:BKR opened at $68.94 on Friday. 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 business’s 50 day moving average price is $61.33 and its 200-day moving average price is $53.70. The firm has a market capitalization of $68.13 billion, a PE ratio of 22.03, a P/E/G ratio of 2.19 and a beta of 0.90. Baker Hughes Company has a 1 year low of $34.56 and a 1 year high of $69.86.

Baker Hughes (NASDAQ:BKRGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. Baker Hughes had a return on equity of 14.38% and a net margin of 11.17%.The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts expect that Baker Hughes Company will post 2.4 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. Baker Hughes’s dividend payout ratio (DPR) is presently 35.38%.

Baker Hughes News Roundup

Here are the key news stories impacting Baker Hughes this week:

About Baker Hughes

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Company (NASDAQ:BKRFree Report).

Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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