25,752 Shares in Baker Hughes Company $BKR Acquired by Titan Investment Solutions Ltd

Titan Investment Solutions Ltd bought a new stake in shares of Baker Hughes Company (NASDAQ:BKR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,752 shares of the company’s stock, valued at approximately $1,173,000.

Other hedge funds have also added to or reduced their stakes in the company. Pinion Investment Advisors LLC purchased a new stake in Baker Hughes during the 4th quarter valued at $778,000. Nordea Investment Management AB raised its stake in Baker Hughes by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,755,743 shares of the company’s stock valued at $125,813,000 after buying an additional 309,996 shares during the last quarter. Legal & General Group Plc raised its stake in Baker Hughes by 5.4% during the 3rd quarter. Legal & General Group Plc now owns 7,147,684 shares of the company’s stock valued at $348,234,000 after buying an additional 367,728 shares during the last quarter. Vanguard Group Inc. raised its stake in Baker Hughes by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock valued at $6,035,924,000 after buying an additional 598,159 shares during the last quarter. Finally, Nkcfo LLC purchased a new stake in Baker Hughes during the 3rd quarter valued at $2,967,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 5,088 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total value of $326,751.36. Following the completion of the sale, the chief accounting officer owned 15,997 shares in the company, valued at approximately $1,027,327.34. This represents a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Baker Hughes Trading Down 0.5%

Shares of Baker Hughes stock opened at $63.14 on Friday. Baker Hughes Company has a fifty-two week low of $37.38 and a fifty-two week high of $70.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. The company has a market capitalization of $62.64 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.26 and a beta of 0.93. The company has a fifty day moving average of $64.12 and a 200 day moving average of $57.88.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The business had revenue of $6.59 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Baker Hughes’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Baker Hughes Company will post 2.31 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, May 5th. Baker Hughes’s dividend payout ratio is presently 29.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BKR shares. Johnson Rice started coverage on shares of Baker Hughes in a research note on Wednesday, February 25th. They set a “buy” rating and a $68.00 target price for the company. Evercore reissued an “outperform” rating and set a $76.00 price objective on shares of Baker Hughes in a research report on Monday, April 27th. UBS Group boosted their price objective on shares of Baker Hughes from $69.00 to $73.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Zacks Research downgraded shares of Baker Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Finally, Susquehanna boosted their price objective on shares of Baker Hughes from $70.00 to $80.00 and gave the company a “positive” rating in a research report on Monday, April 27th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $69.14.

Baker Hughes Profile

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.