NASDAQ:BKR - Free Report ) by 25.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 413,552 shares of the company's stock after selling 141,713 shares during the quarter. Truist Financial Corp's holdings in Baker Hughes were worth $14,135,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. increased its position in shares of Baker Hughes by 15.5% in the fourth quarter. Blue Trust Inc. now owns 2,432 shares of the company's stock valued at $85,000 after buying an additional 327 shares in the last quarter. Rational Advisors LLC increased its position in shares of Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company's stock valued at $44,000 after buying an additional 382 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Baker Hughes by 6.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company's stock worth $219,000 after acquiring an additional 398 shares during the last quarter. Huntington National Bank boosted its stake in shares of Baker Hughes by 8.2% in the third quarter. Huntington National Bank now owns 5,501 shares of the company's stock worth $194,000 after acquiring an additional 416 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Baker Hughes by 2.8% in the third quarter. Blair William & Co. IL now owns 15,086 shares of the company's stock worth $533,000 after acquiring an additional 416 shares during the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets BKR has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Benchmark reaffirmed a "buy" rating and issued a $40.00 price target on shares of Baker Hughes in a research note on Wednesday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 price target on shares of Baker Hughes in a research note on Thursday, February 1st. Susquehanna reaffirmed a "positive" rating and issued a $40.00 price target on shares of Baker Hughes in a research note on Monday, April 8th. Finally, Barclays lowered their price target on Baker Hughes from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, January 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.94.
Check Out Our Latest Analysis on BKR
Baker Hughes Trading Up 0.1 % Shares of Baker Hughes stock traded up $0.04 during trading hours on Thursday, hitting $31.93. The company's stock had a trading volume of 5,189,989 shares, compared to its average volume of 8,644,950. Baker Hughes has a twelve month low of $26.81 and a twelve month high of $37.58. The firm has a fifty day moving average of $32.31 and a 200-day moving average of $32.48. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 0.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25.
Baker Hughes (NASDAQ:BKR - Get Free Report ) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. Research analysts forecast that Baker Hughes will post 2.08 EPS for the current year.
Baker Hughes Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. Baker Hughes's dividend payout ratio is presently 46.93%.
Insider Activity at Baker Hughes In related news, SVP James E. Apostolides sold 10,000 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the sale, the senior vice president now owns 14,451 shares in the company, valued at approximately $425,437.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . In other news, SVP James E. Apostolides sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,451 shares of the company's stock, valued at approximately $425,437.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, SVP James E. Apostolides sold 5,000 shares of the company's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company's stock, valued at $508,132.24. The disclosure for this sale can be found here . Company insiders own 0.25% of the company's stock.
About Baker Hughes (
Free Report )
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.
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