Graphene Investments SAS Has $3.02 Million Holdings in Baker Hughes (NASDAQ:BKR)

Graphene Investments SAS reduced its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,700 shares of the company's stock after selling 17,800 shares during the period. Baker Hughes comprises about 2.1% of Graphene Investments SAS's investment portfolio, making the stock its 18th biggest position. Graphene Investments SAS's holdings in Baker Hughes were worth $3,023,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BKR. Geode Capital Management LLC lifted its holdings in Baker Hughes by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company's stock valued at $867,514,000 after purchasing an additional 123,172 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock valued at $394,775,000 after purchasing an additional 2,811,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 valued at $348,233,000 after purchasing an additional 145,537 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Baker Hughes by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,951,703 shares of the company's stock valued at $251,304,000 after purchasing an additional 22,383 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Baker Hughes by 11.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,495,752 shares of the company's stock valued at $198,671,000 after purchasing an additional 572,943 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Up 0.6 %

BKR traded up $0.27 during trading hours on Tuesday, hitting $47.45. 2,370,530 shares of the company's stock were exchanged, compared to its average volume of 7,912,008. Baker Hughes has a 1-year low of $28.63 and a 1-year high of $49.40. The stock's 50-day moving average is $43.49 and its two-hundred day moving average is $39.62. The stock has a market cap of $46.96 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.07 and a beta of 1.39. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced 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%. Sell-side analysts predict that Baker Hughes will post 2.57 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. Baker Hughes's payout ratio is presently 28.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BKR shares. Citigroup lifted their price target on shares of Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Susquehanna boosted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a research note on Monday, February 3rd. 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. Finally, Evercore ISI boosted their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $51.06.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

About Baker Hughes

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.