Baker Hughes Company $BKR Shares Purchased by DSG Capital Advisors LLC

DSG Capital Advisors LLC lifted its stake in Baker Hughes Company (NASDAQ:BKR) by 69.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,190 shares of the company’s stock after purchasing an additional 13,972 shares during the quarter. DSG Capital Advisors LLC’s holdings in Baker Hughes were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. MCF Advisors LLC raised its holdings in Baker Hughes by 121.4% in the second quarter. MCF Advisors LLC now owns 476 shares of the company’s stock worth $26,000 after buying an additional 261 shares during the last quarter. Olistico Wealth LLC lifted its stake in shares of Baker Hughes by 209.4% in the third quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock worth $27,000 after buying an additional 335 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Baker Hughes by 260.1% during the third quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock valued at $27,000 after buying an additional 359 shares during the last quarter. Latitude Advisors LLC purchased a new stake in shares of Baker Hughes during the third quarter valued at approximately $27,000. Finally, Godsey & Gibb Inc. bought a new stake in shares of Baker Hughes during the third quarter valued at approximately $33,000. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 1.4%

Shares of Baker Hughes stock opened at $47.77 on Wednesday. Baker Hughes Company has a twelve month low of $44.26 and a twelve month high of $70.41. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $56.32 and its 200 day moving average is $59.97. The company has a market cap of $47.44 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.31 and a beta of 1.07.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, October 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.74 billion. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. Research analysts anticipate that Baker Hughes Company will post 2.56 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Tuesday, November 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. Baker Hughes’s payout ratio is presently 31.72%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BKR shares. Piper Sandler decreased their price objective on shares of Baker Hughes from $73.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Royal Bank Of Canada cut their target price on Baker Hughes from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Zacks Research lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 5th. Stifel Nicolaus boosted their price target on Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Baker Hughes in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.27.

Insider Activity at Baker Hughes

In other news, Director John Rice acquired 10,000 shares of Baker Hughes stock in a transaction that occurred on Tuesday, November 3rd. The stock was bought at an average price of $53.10 per share, for a total transaction of $531,000.00. Following the completion of the transaction, the director owned 77,315 shares in the company, valued at $4,105,426.50. The trade was a 14.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by insiders.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides products and services to the oil and gas industry and other industrial markets. Its offerings include equipment and services used across the energy value chain, from exploration and production to transportation and processing. The company also develops turbomachinery, industrial equipment, digital technologies and solutions for energy and industrial applications. Its portfolio includes technologies designed to support more efficient operations and lower-emissions energy systems.