Baker Hughes (NASDAQ:BKR) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lessened its stake in Baker Hughes (NASDAQ:BKR) by 68.8% during the 4th quarter, HoldingsChannel reports. The firm owned 250,257 shares of the company’s stock after selling 551,244 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Baker Hughes were worth $10,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Baker Hughes by 11.6% during the 4th quarter. Wellington Management Group LLP now owns 455,714 shares of the company’s stock worth $18,693,000 after acquiring an additional 47,404 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Baker Hughes by 31.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 247,001 shares of the company’s stock worth $10,132,000 after purchasing an additional 58,941 shares during the period. Brandywine Global Investment Management LLC boosted its position in Baker Hughes by 28.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 587,789 shares of the company’s stock worth $24,111,000 after purchasing an additional 129,551 shares in the last quarter. RWA Wealth Partners LLC acquired a new stake in Baker Hughes in the fourth quarter valued at approximately $877,000. Finally, Allianz SE purchased a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $1,726,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Price Performance

Baker Hughes stock opened at $43.95 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $44.76 and a 200 day moving average price of $41.87. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The stock has a market cap of $43.52 billion, a P/E ratio of 14.75, a PEG ratio of 2.00 and a beta of 1.30.

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

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a $0.23 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.09%. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is currently 30.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BKR. Benchmark reiterated a “buy” rating and set a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. Susquehanna increased their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a report on Monday, February 3rd. Atb Cap Markets cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price target on shares of Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Piper Sandler lifted their price target on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Insider Activity

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The shares were 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 directly owns 173,302 shares in the company, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

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.