Edmond DE Rothschild Holding S.A. Has $6.08 Million Holdings in Baker Hughes Company $BKR

Edmond DE Rothschild Holding S.A. increased its position in shares of Baker Hughes Company (NASDAQ:BKR) by 155.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,552 shares of the company’s stock after buying an additional 96,534 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Baker Hughes were worth $6,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BKR. Steward Partners Investment Advisory LLC raised its holdings in shares of Baker Hughes by 4.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,790 shares of the company’s stock valued at $260,000 after purchasing an additional 275 shares during the period. Global Retirement Partners LLC acquired a new position in Baker Hughes during the second quarter worth approximately $442,000. Jefferies Financial Group Inc. raised its stake in Baker Hughes by 31.6% in the second quarter. Jefferies Financial Group Inc. now owns 66,700 shares of the company’s stock valued at $2,557,000 after buying an additional 16,007 shares during the period. Prudential Financial Inc. lifted its position in shares of Baker Hughes by 6.5% in the second quarter. Prudential Financial Inc. now owns 613,375 shares of the company’s stock valued at $23,517,000 after buying an additional 37,459 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Baker Hughes by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,458,173 shares of the company’s stock worth $285,946,000 after acquiring an additional 183,681 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analysts Set New Price Targets

BKR has been the subject of several research reports. Industrial Alliance Securities set a $53.00 price target on Baker Hughes in a report on Wednesday, July 30th. TD Cowen raised their target price on shares of Baker Hughes from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. HSBC upped their price target on shares of Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Seaport Res Ptn downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Stifel Nicolaus boosted their price objective on Baker Hughes from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Twenty-three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.42.

Insider Buying and Selling at Baker Hughes

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

Baker Hughes Stock Performance

NASDAQ BKR opened at $49.43 on Wednesday. The firm has a 50-day moving average price of $47.81 and a two-hundred day moving average price of $43.49. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.92. The company has a market capitalization of $48.78 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.06 and a beta of 1.03. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

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 net margin of 10.43% and a return on equity of 14.22%. Analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th were given 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 was Tuesday, November 4th. Baker Hughes’s dividend payout ratio is presently 31.72%.

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.