Natixis Boosts Stake in Baker Hughes (NASDAQ:BKR)

Natixis increased its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 264.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,140 shares of the company's stock after purchasing an additional 58,893 shares during the quarter. Natixis' holdings in Baker Hughes were worth $3,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after buying an additional 386 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Baker Hughes during the 4th quarter valued at $30,000. Larson Financial Group LLC raised its holdings in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after purchasing an additional 216 shares during the period. Kestra Investment Management LLC bought a new stake in Baker Hughes during the fourth quarter valued at about $45,000. Finally, OFI Invest Asset Management bought a new stake in Baker Hughes during the fourth quarter valued at about $47,000. 92.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BKR shares. Benchmark reiterated a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a research note on Tuesday, February 11th. Citigroup dropped their price target on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Cowen decreased their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday. Piper Sandler dropped their target price on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday. Finally, TD Securities cut their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Trading Up 0.2 %

BKR traded up $0.07 on Friday, hitting $36.45. The company had a trading volume of 7,102,964 shares, compared to its average volume of 6,913,047. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The business's fifty day simple moving average is $41.60 and its 200 day simple moving average is $42.05. The company has a market cap of $36.09 billion, a PE ratio of 12.23, a PEG ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. Equities research analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's payout ratio is currently 31.40%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company's stock.

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.