National Pension Service Increases Stock Position in Baker Hughes Company $BKR

National Pension Service raised its holdings in Baker Hughes Company (NASDAQ:BKR) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,219,986 shares of the company’s stock after purchasing an additional 11,909 shares during the quarter. National Pension Service’s holdings in Baker Hughes were worth $46,774,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Baker Hughes in the 1st quarter valued at approximately $30,000. Harbour Investments Inc. lifted its stake in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after acquiring an additional 326 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of Baker Hughes in the second quarter valued at about $36,000. LRI Investments LLC increased its stake in shares of Baker Hughes by 59.3% during the second quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares during the period. Finally, Hilltop National Bank purchased a new position in Baker Hughes during the second quarter worth about $43,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Price Performance

BKR stock opened at $47.51 on Friday. The stock’s 50 day moving average price is $47.44 and its 200 day moving average price is $42.71. The firm has a market cap of $46.88 billion, a P/E ratio of 16.38, a PEG ratio of 2.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $5.09 billion during the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%. On average, sell-side analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 4th. Baker Hughes’s dividend payout ratio is currently 31.72%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Baker Hughes in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Evercore ISI set a $54.00 price target on shares of Baker Hughes in a research note on Monday, October 27th. Barclays increased their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Finally, Cowen reaffirmed a “buy” rating on shares of Baker Hughes in a report on Monday, October 27th. Twenty-three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.38.

Insider Buying and Selling at Baker Hughes

In other news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the executive vice president owned 40,520 shares in the company, valued at $2,026,000. This trade represents a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer owned 11,772 shares of the company’s stock, valued at $588,600. The trade was a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% 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.