Ninety One UK Ltd Has $19.75 Million Holdings in Baker Hughes (NASDAQ:BKR)

Ninety One UK Ltd raised its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 481,446 shares of the company's stock after acquiring an additional 51,212 shares during the period. Ninety One UK Ltd's holdings in Baker Hughes were worth $19,749,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BKR. Geode Capital Management LLC raised its holdings in shares of Baker Hughes by 0.5% during the third quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company's stock valued at $867,514,000 after buying an additional 123,172 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake 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 acquiring an additional 2,811,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $348,233,000 after acquiring an additional 145,537 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Baker Hughes by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,951,703 shares of the company's stock worth $251,304,000 after purchasing an additional 22,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Baker Hughes by 11.6% during the third 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 period. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Down 1.7 %

NASDAQ:BKR traded down $0.78 during trading hours on Friday, hitting $46.20. 7,669,328 shares of the stock traded hands, compared to its average volume of 8,438,286. The firm has a 50 day moving average price of $43.42 and a 200 day moving average price of $39.50. The firm has a market cap of $45.72 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.07 and a beta of 1.39. Baker Hughes has a fifty-two week low of $28.63 and a fifty-two week high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities research analysts anticipate that Baker Hughes will post 2.57 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, February 11th. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.99%. Baker Hughes's payout ratio is presently 28.19%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BKR shares. Piper Sandler upped their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Argus raised Baker Hughes from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Jefferies Financial Group increased their price target on Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Susquehanna boosted their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.18.

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.