National Pension Service Purchases 11,909 Shares of Baker Hughes Company $BKR

National Pension Service raised its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,219,986 shares of the company’s stock after buying an additional 11,909 shares during the period. National Pension Service owned about 0.12% of Baker Hughes worth $46,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Forum Financial Management LP lifted its position in shares of Baker Hughes by 1.4% during the second quarter. Forum Financial Management LP now owns 17,255 shares of the company’s stock worth $662,000 after purchasing an additional 233 shares during the last quarter. Prosperity Consulting Group LLC increased its stake in Baker Hughes by 2.7% in the 1st quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company’s stock worth $463,000 after buying an additional 278 shares during the period. V Square Quantitative Management LLC boosted its position in Baker Hughes by 1.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company’s stock valued at $834,000 after buying an additional 292 shares during the period. Moody National Bank Trust Division grew its stake in Baker Hughes by 5.9% in the 2nd quarter. Moody National Bank Trust Division now owns 5,351 shares of the company’s stock worth $205,000 after acquiring an additional 296 shares in the last quarter. Finally, City Center Advisors LLC increased its position in shares of Baker Hughes by 3.6% during the second quarter. City Center Advisors LLC now owns 8,486 shares of the company’s stock worth $325,000 after acquiring an additional 298 shares during the period. Institutional investors own 92.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Baker Hughes from $53.00 to $55.00 in a report on Tuesday. UBS Group raised their price target on Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Melius started coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, 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 report on Thursday, October 2nd. Twenty-three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.38.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 shares of Baker Hughes stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at $2,026,000. The trade was a 38.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at $588,600. The trade was a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.27% of the company’s stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $47.51 on Friday. The company has a market capitalization of $46.88 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92. 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’s fifty day moving average price is $47.44 and its 200 day moving average price is $42.71.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Friday, November 18th. The company reported $0.16 EPS for the quarter. The business had revenue of $5.09 billion during the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%. On average, research analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Tuesday, November 4th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. Baker Hughes’s dividend payout ratio (DPR) is presently 31.72%.

About Baker Hughes

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.