31,532 Shares in Baker Hughes (NASDAQ:BKR) Bought by Callan Family Office LLC

Callan Family Office LLC bought a new stake in Baker Hughes (NASDAQ:BKR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,532 shares of the company's stock, valued at approximately $1,293,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Baker Hughes by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company's stock worth $867,514,000 after acquiring an additional 123,172 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Baker Hughes by 34.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock worth $394,775,000 after purchasing an additional 2,811,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Baker Hughes by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company's stock worth $348,233,000 after buying an additional 145,537 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Baker Hughes in the 4th quarter valued at $291,289,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Baker Hughes by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,086,903 shares of the company's stock valued at $290,705,000 after buying an additional 135,200 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

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Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BKR. Bank of America lifted their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Barclays lifted their target price on Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Royal Bank of Canada increased their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.06.

Baker Hughes Trading Up 2.4 %

Shares of NASDAQ BKR traded up $0.99 during midday trading on Friday, reaching $42.89. 9,116,402 shares of the stock were exchanged, compared to its average volume of 6,279,988. The stock has a 50 day moving average price of $44.82 and a 200-day moving average price of $40.80. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $42.47 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.00 and a beta of 1.30. Baker Hughes has a 52-week low of $30.52 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Equities research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.15%. Baker Hughes's dividend payout ratio is 30.87%.

Baker Hughes Company 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.