Baker Hughes Company $BKR Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,319,207 shares of the company’s stock after selling 234,382 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Baker Hughes were worth $105,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Baker Hughes by 1,242.5% during the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after buying an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Baker Hughes by 104.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Baker Hughes by 45.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 811 shares of the company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Baker Hughes by 55.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 840 shares of the company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in Baker Hughes by 357.8% during the third quarter. Spire Wealth Management now owns 1,021 shares of the company’s stock worth $50,000 after buying an additional 798 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Shares of Baker Hughes stock opened at $60.25 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a market cap of $59.54 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90. Baker Hughes Company has a 52 week low of $34.56 and a 52 week high of $67.00. The business’s fifty day simple moving average is $61.09 and its 200-day simple moving average is $53.42.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.11. The firm had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.09 billion. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. Equities analysts forecast that Baker Hughes Company will post 2.4 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, February 17th. Baker Hughes’s payout ratio is currently 35.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Susquehanna boosted their price objective on Baker Hughes from $65.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their price target on Baker Hughes from $63.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. UBS Group upped their price target on Baker Hughes from $61.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Barclays upped their price target on Baker Hughes from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group upped their price target on Baker Hughes from $59.00 to $67.00 and gave the company a “buy” rating in a research note on Saturday, January 31st. Twenty equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.30.

Insider Transactions at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 272,594 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total value of $16,025,801.26. Following the sale, the chief executive officer owned 866,444 shares in the company, valued at approximately $50,938,242.76. The trade was a 23.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Rebecca L. Charlton sold 843 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $56.34, for a total value of $47,494.62. Following the completion of the sale, the chief accounting officer owned 14,019 shares in the company, valued at $789,830.46. This represents a 5.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 590,251 shares of company stock worth $35,311,023 over the last quarter. 0.19% of the stock is owned by corporate insiders.

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.