Baker Hughes Company $BKR Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its holdings in Baker Hughes Company (NASDAQ:BKR) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,557 shares of the company’s stock after selling 339 shares during the quarter. Bleakley Financial Group LLC’s holdings in Baker Hughes were worth $826,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wayfinding Financial LLC purchased a new position in shares of Baker Hughes during the first quarter worth about $28,000. Golden State Wealth Management LLC grew its stake in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $30,000. Harbour Investments Inc. raised its stake 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 purchasing an additional 326 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Melius Research assumed coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Baker Hughes in a research report on Friday. Zephirin Group boosted their target price on shares of Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Susquehanna upped their price target on shares of Baker Hughes from $52.00 to $56.00 and gave the stock a “positive” rating in a research note on Thursday, October 2nd. Finally, UBS Group raised their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.91.

Baker Hughes Stock Performance

Shares of BKR opened at $47.30 on Friday. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92. The company’s 50 day simple moving average is $46.53 and its 200 day simple moving average is $41.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market capitalization of $46.63 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.04 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $5.09 billion during the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.41%. On average, sell-side analysts predict that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. Baker Hughes’s dividend payout ratio is 31.72%.

Insiders Place Their Bets

In other news, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer owned 11,772 shares of the company’s stock, valued at approximately $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of Baker Hughes stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the executive vice president owned 40,520 shares of the company’s stock, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

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.