Stephens Inc. AR Purchases 2,555 Shares of Baker Hughes Company $BKR

Stephens Inc. AR grew its position in shares of Baker Hughes Company (NASDAQ:BKR) by 27.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,938 shares of the company’s stock after acquiring an additional 2,555 shares during the quarter. Stephens Inc. AR’s holdings in Baker Hughes were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings LLC lifted its position in shares of Baker Hughes by 0.8% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 523,345 shares of the company’s stock valued at $20,065,000 after buying an additional 4,042 shares during the last quarter. Mattson Financial Services LLC lifted its position in shares of Baker Hughes by 28.1% during the 2nd quarter. Mattson Financial Services LLC now owns 46,975 shares of the company’s stock valued at $1,801,000 after buying an additional 10,298 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Baker Hughes by 16.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,228,911 shares of the company’s stock valued at $85,969,000 after buying an additional 311,437 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Baker Hughes by 7.0% during the 2nd quarter. New York State Teachers Retirement System now owns 875,693 shares of the company’s stock valued at $33,574,000 after buying an additional 57,269 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Baker Hughes during the 2nd quarter valued at $475,000. Institutional investors own 92.06% of the company’s stock.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Rebecca L. Charlton sold 1,000 shares of the stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BKR. Piper Sandler boosted their price objective on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Stifel Nicolaus decreased their target price on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Susquehanna increased their price objective on Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a research report on Thursday, October 2nd. Morgan Stanley increased their price objective on Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Bank of America increased their price objective on Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Twenty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.91.

Baker Hughes Trading Down 3.3%

Shares of BKR stock opened at $47.30 on Friday. The stock has a market capitalization of $46.63 billion, a PE ratio of 16.31, a P/E/G ratio of 2.04 and a beta of 0.99. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $50.92. The business has a 50-day moving average of $46.53 and a 200 day moving average of $41.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00.

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

Baker Hughes Dividend Announcement

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

Baker Hughes 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.