Baker Hughes Company $BKR Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in shares of Baker Hughes Company (NASDAQ:BKR) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 543,571 shares of the company’s stock after selling 42,103 shares during the period. Achmea Investment Management B.V. owned 0.06% of Baker Hughes worth $26,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKR. Activest Wealth Management increased its position in Baker Hughes by 1,242.5% in the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock valued at $26,000 after acquiring an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Baker Hughes by 104.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after purchasing an additional 337 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Baker Hughes during the second quarter valued at $36,000. Spire Wealth Management raised its stake in shares of Baker Hughes by 357.8% during the third quarter. Spire Wealth Management now owns 1,021 shares of the company’s stock valued at $50,000 after purchasing an additional 798 shares in the last quarter. Finally, N.E.W. Advisory Services LLC lifted its holdings in Baker Hughes by 60.6% in the third quarter. N.E.W. Advisory Services LLC now owns 1,102 shares of the company’s stock worth $54,000 after purchasing an additional 416 shares during the period. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 3.3%

NASDAQ BKR opened at $57.00 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $67.00. The firm’s fifty day simple moving average is $57.58 and its 200-day simple moving average is $50.99. The company has a market capitalization of $56.33 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.83.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a $0.23 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Baker Hughes’s dividend payout ratio is currently 35.38%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zephirin Group increased their target price on shares of Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Evercore restated an “outperform” rating and set a $68.00 price target on shares of Baker Hughes in a research report on Wednesday, February 11th. Piper Sandler upped their price target on shares of Baker Hughes from $52.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Stifel Nicolaus increased their price objective on shares of Baker Hughes from $58.00 to $63.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Capital One Financial raised their price objective on shares of Baker Hughes from $53.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.61.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, insider Maria Georgia Magno sold 19,150 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $59.11, for a total value of $1,131,956.50. Following the completion of the sale, the insider directly owned 14,588 shares of the company’s stock, valued at $862,296.68. The trade was a 56.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William G. Beattie sold 18,023 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total transaction of $1,032,537.67. The SEC filing for this sale provides additional information. Insiders sold a total of 590,251 shares of company stock worth $35,311,023 in the last ninety days. Insiders own 0.27% of the company’s stock.

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.