MASTERINVEST Kapitalanlage GmbH Buys Shares of 19,948 Baker Hughes Company $BKR

MASTERINVEST Kapitalanlage GmbH bought a new position in Baker Hughes Company (NASDAQ:BKR) during the 3rd quarter, HoldingsChannel reports. The firm bought 19,948 shares of the company’s stock, valued at approximately $972,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BKR. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Baker Hughes by 104.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after buying an additional 337 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after acquiring an additional 326 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Baker Hughes in the second quarter valued at about $36,000. Twin Peaks Wealth Advisors LLC acquired a new position in Baker Hughes in the second quarter valued at about $36,000. Finally, LRI Investments LLC increased its holdings in shares of Baker Hughes by 59.3% in the second quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Shares of BKR stock opened at $49.97 on Friday. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $51.12. The company’s fifty day simple moving average is $47.71 and its 200-day simple moving average is $45.67. The firm has a market cap of $49.31 billion, a PE ratio of 17.23, a P/E/G ratio of 1.76 and a beta of 0.89. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%. The business had revenue of $5.09 billion during the quarter. Equities research analysts expect that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Tuesday, November 4th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. Baker Hughes’s payout ratio is currently 31.72%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BKR shares. Cowen reiterated a “buy” rating on shares of Baker Hughes in a report on Wednesday. BMO Capital Markets raised their target price on shares of Baker Hughes from $53.00 to $55.00 in a report on Tuesday, November 11th. Stifel Nicolaus upped their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company a “buy” rating in a report on Monday, October 27th. UBS Group increased their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Capital One Financial raised their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Twenty-three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.92.

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.