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

Callan Family Office LLC acquired a new position in shares of Baker Hughes (NASDAQ:BKR) in the fourth quarter, Holdings Channel reports. The firm acquired 31,532 shares of the company’s stock, valued at approximately $1,293,000.

A number of other hedge funds have also recently made changes to their positions in the stock. E Fund Management Co. Ltd. lifted its stake in shares of Baker Hughes by 33.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 14,411 shares of the company’s stock worth $591,000 after purchasing an additional 3,629 shares during the last quarter. Candriam S.C.A. lifted its stake in shares of Baker Hughes by 4.1% during the 4th quarter. Candriam S.C.A. now owns 93,496 shares of the company’s stock worth $3,835,000 after purchasing an additional 3,644 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Baker Hughes in the fourth quarter valued at about $2,501,000. Raymond James Financial Inc. purchased a new stake in Baker Hughes in the fourth quarter valued at about $291,289,000. Finally, Arizona State Retirement System raised its stake in Baker Hughes by 0.9% in the fourth quarter. Arizona State Retirement System now owns 288,510 shares of the company’s stock valued at $11,835,000 after buying an additional 2,586 shares during the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Stock Up 2.4 %

Baker Hughes stock opened at $42.89 on Friday. The firm has a market cap of $42.47 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. Baker Hughes has a 52 week low of $30.44 and a 52 week high of $49.40. The business’s 50-day moving average price is $44.82 and its 200 day moving average price is $40.76. 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) last posted 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 return on equity of 14.58% and a net margin of 10.70%. As a group, sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.15%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is 30.87%.

Insider Buying and Selling

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on Baker Hughes from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler increased their price target on Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. TD Cowen decreased their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Atb Cap Markets cut Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Benchmark reiterated a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes 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.