DSG Capital Advisors LLC Purchases New Stake in Baker Hughes Company (NASDAQ:BKR)

DSG Capital Advisors LLC acquired a new stake in Baker Hughes Company (NASDAQ:BKR - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 18,720 shares of the company's stock, valued at approximately $823,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Baker Hughes by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock valued at $1,004,212,000 after acquiring an additional 465,832 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in Baker Hughes in the 1st quarter worth approximately $360,000. Whalen Wealth Management Inc. bought a new position in Baker Hughes in the 1st quarter valued at $544,000. Huntington National Bank grew its position in shares of Baker Hughes by 16.0% during the 4th quarter. Huntington National Bank now owns 116,303 shares of the company's stock valued at $4,771,000 after purchasing an additional 16,010 shares in the last quarter. Finally, Kesler Norman & Wride LLC bought a new position in shares of Baker Hughes in the fourth quarter worth $1,011,000. Institutional investors own 92.06% of the company's stock.

Baker Hughes Trading Up 0.9%

Baker Hughes stock traded up $0.35 during mid-day trading on Tuesday, hitting $38.69. The company's stock had a trading volume of 7,638,439 shares, compared to its average volume of 7,130,204. The business has a 50 day moving average price of $37.49 and a 200-day moving average price of $41.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The stock has a market cap of $38.33 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 4.05 and a beta of 0.91.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.54 billion. As a group, analysts forecast 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 was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.38%. Baker Hughes's dividend payout ratio (DPR) is currently 31.40%.

Analysts Set New Price Targets

Several research firms recently issued reports on BKR. Piper Sandler dropped their price objective on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Securities dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Morgan Stanley decreased their price objective on shares of 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 target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Susquehanna dropped their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Company Profile

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.