Natixis Advisors LLC Has $41.42 Million Position in Baker Hughes Company $BKR

Natixis Advisors LLC grew its position in Baker Hughes Company (NASDAQ:BKR) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 850,237 shares of the company’s stock after purchasing an additional 42,584 shares during the period. Natixis Advisors LLC owned about 0.09% of Baker Hughes worth $41,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKR. Woodline Partners LP grew its holdings in shares of Baker Hughes by 40.8% in the 1st quarter. Woodline Partners LP now owns 83,650 shares of the company’s stock valued at $3,676,000 after buying an additional 24,225 shares during the period. Focus Partners Wealth lifted its holdings in Baker Hughes by 5.6% during the first quarter. Focus Partners Wealth now owns 18,481 shares of the company’s stock worth $812,000 after acquiring an additional 986 shares in the last quarter. Sigma Planning Corp bought a new position in Baker Hughes during the second quarter worth about $359,000. Summit Investment Advisors Inc. grew its stake in Baker Hughes by 2.2% in the first quarter. Summit Investment Advisors Inc. now owns 42,013 shares of the company’s stock valued at $1,846,000 after acquiring an additional 888 shares during the period. Finally, Prospera Financial Services Inc grew its stake in Baker Hughes by 30.6% in the second quarter. Prospera Financial Services Inc now owns 13,598 shares of the company’s stock valued at $521,000 after acquiring an additional 3,186 shares during the period. 92.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,985 shares of Baker Hughes stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $55.77, for a total value of $110,703.45. Following the sale, the chief accounting officer directly owned 12,052 shares in the company, valued at $672,140.04. This trade represents a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lorenzo Simonelli sold 272,593 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $61.13, for a total transaction of $16,663,610.09. Following the completion of the sale, the chief executive officer directly owned 672,810 shares in the company, valued at approximately $41,128,875.30. This represents a 28.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 312,594 shares of company stock valued at $18,986,302 over the last quarter. Insiders own 0.27% of the company’s stock.

Baker Hughes Stock Performance

Shares of Baker Hughes stock opened at $60.10 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a market cap of $59.39 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.62 and a beta of 0.83. The stock’s 50-day moving average is $56.42 and its 200-day moving average is $50.49. Baker Hughes Company has a one year low of $33.60 and a one year high of $67.00.

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, topping analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the company earned $0.70 earnings per share. Baker Hughes’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Baker Hughes’s dividend payout ratio (DPR) is currently 35.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BKR shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $57.00 price target on shares of Baker Hughes in a research report on Thursday, January 15th. Stifel Nicolaus boosted their price objective on Baker Hughes from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Piper Sandler raised their target price on shares of Baker Hughes from $52.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Susquehanna lifted their price target on shares of Baker Hughes from $58.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Finally, iA Financial set a $60.00 price target on shares of Baker Hughes in a report on Tuesday, January 27th. Twenty equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.61.

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.