Generali Asset Management SPA SGR Has $4.25 Million Stock Holdings in Baker Hughes Company $BKR

Generali Asset Management SPA SGR lessened its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 34.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,249 shares of the company’s stock after selling 46,217 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Baker Hughes were worth $4,251,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. boosted its holdings in Baker Hughes by 61.7% in the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after acquiring an additional 326 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Baker Hughes during the second quarter valued at approximately $36,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Baker Hughes during the second quarter worth approximately $36,000. LRI Investments LLC grew its position in Baker Hughes by 59.3% in the 2nd quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares during the period. Finally, Hilltop National Bank acquired a new stake in Baker Hughes in the 2nd quarter valued at $43,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on BKR shares. JPMorgan Chase & Co. raised their price objective on shares of Baker Hughes from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Zephirin Group upped their target price on shares of Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Cowen reiterated a “buy” rating on shares of Baker Hughes in a research note on Monday, October 27th. Bank of America boosted their price objective on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Susquehanna raised their target price on Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a report on Thursday, October 2nd. Twenty-three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.92.

Baker Hughes Price Performance

Baker Hughes stock opened at $47.14 on Friday. Baker Hughes Company has a 52 week low of $33.60 and a 52 week high of $51.12. The company’s 50 day moving average price is $47.56 and its two-hundred day moving average price is $45.25. The stock has a market cap of $46.52 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.60 and a beta of 0.90. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

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

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, November 4th. Baker Hughes’s dividend payout ratio is 31.72%.

Baker Hughes Company Profile

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.