Capital International Sarl Raises Stake in Baker Hughes (NASDAQ:BKR)

Capital International Sarl grew its holdings in Baker Hughes (NASDAQ:BKR) by 45.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,697 shares of the company’s stock after buying an additional 8,024 shares during the period. Capital International Sarl’s holdings in Baker Hughes were worth $1,054,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in Baker Hughes by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock valued at $1,004,212,000 after purchasing an additional 465,832 shares during the period. Norges Bank acquired a new position in Baker Hughes during the fourth quarter worth $829,092,000. FMR LLC grew its holdings in Baker Hughes by 12.5% during the fourth quarter. FMR LLC now owns 15,702,057 shares of the company’s stock worth $644,098,000 after acquiring an additional 1,744,225 shares during the period. Raymond James Financial Inc. purchased a new position in Baker Hughes in the fourth quarter worth $291,289,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Baker Hughes by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,086,903 shares of the company’s stock valued at $290,705,000 after acquiring an additional 135,200 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analyst Ratings Changes

BKR has been the subject of a number of research analyst reports. Piper Sandler 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, February 3rd. The Goldman Sachs Group increased their target price on shares of Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Evercore ISI boosted their price target on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Susquehanna dropped their price objective on Baker Hughes from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Finally, Barclays decreased their target price on Baker Hughes from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.65.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by insiders.

Baker Hughes Stock Up 1.9 %

Shares of NASDAQ BKR opened at $38.86 on Friday. The firm’s 50 day moving average price is $42.34 and its 200 day moving average price is $42.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The firm has a market cap of $38.47 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.37%. Baker Hughes’s dividend payout ratio (DPR) is currently 30.87%.

Baker Hughes Company 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.