24,600 Shares in Baker Hughes Company $BKR Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac purchased a new position in shares of Baker Hughes Company (NASDAQ:BKR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,600 shares of the company’s stock, valued at approximately $1,083,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. National Pension Service grew its holdings in shares of Baker Hughes by 5.1% during the fourth quarter. National Pension Service now owns 1,317,478 shares of the company’s stock worth $59,998,000 after buying an additional 64,323 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Baker Hughes during the fourth quarter worth about $398,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Baker Hughes by 35.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 22,993 shares of the company’s stock worth $1,047,000 after buying an additional 5,971 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Baker Hughes by 2.3% during the fourth quarter. Moors & Cabot Inc. now owns 54,686 shares of the company’s stock worth $2,490,000 after buying an additional 1,246 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Baker Hughes by 6.3% during the fourth quarter. Intech Investment Management LLC now owns 49,630 shares of the company’s stock worth $2,260,000 after buying an additional 2,963 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling

In other news, insider Maria Georgia Magno sold 5,063 shares of Baker Hughes stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $59.04, for a total transaction of $298,919.52. Following the completion of the sale, the insider directly owned 15,555 shares in the company, valued at approximately $918,367.20. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lorenzo Simonelli sold 272,594 shares of Baker Hughes stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total transaction of $16,025,801.26. Following the sale, the chief executive officer owned 866,444 shares of the company’s stock, valued at approximately $50,938,242.76. The trade was a 23.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 550,250 shares of company stock valued at $32,988,331. Insiders own 0.19% of the company’s stock.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $63.88 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79. The company has a market cap of $63.37 billion, a P/E ratio of 20.41, a PEG ratio of 2.30 and a beta of 0.97. Baker Hughes Company has a 52 week low of $36.53 and a 52 week high of $70.41. The company has a 50-day moving average price of $63.69 and a 200 day moving average price of $56.79.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.71 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. Research analysts predict that Baker Hughes Company will post 2.31 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, May 5th. Baker Hughes’s dividend payout ratio (DPR) is presently 29.39%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BKR. Weiss Ratings reissued a “buy (b)” rating on shares of Baker Hughes in a report on Friday, April 24th. Barclays reissued an “equal weight” rating and set a $74.00 price target (up from $62.00) on shares of Baker Hughes in a report on Thursday, May 7th. Royal Bank Of Canada raised their price objective on shares of Baker Hughes from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Baker Hughes from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Capital One Financial raised their price objective on shares of Baker Hughes from $66.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Eighteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $69.41.

Baker Hughes 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.