Baker Hughes Company $BKR Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its position in shares of Baker Hughes Company (NASDAQ:BKR) by 422.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 289,951 shares of the company’s stock after acquiring an additional 234,440 shares during the quarter. Empowered Funds LLC’s holdings in Baker Hughes were worth $11,117,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in Baker Hughes by 40.3% during the 1st quarter. Private Advisor Group LLC now owns 24,769 shares of the company’s stock valued at $1,089,000 after purchasing an additional 7,111 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Baker Hughes by 4.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 76,335 shares of the company’s stock worth $3,355,000 after buying an additional 3,131 shares during the period. Lindbrook Capital LLC grew its holdings in Baker Hughes by 61.7% in the 1st quarter. Lindbrook Capital LLC now owns 6,412 shares of the company’s stock worth $282,000 after buying an additional 2,447 shares in the last quarter. Wealth Alliance LLC acquired a new stake in Baker Hughes in the 1st quarter valued at approximately $201,000. Finally, HighPoint Advisor Group LLC increased its position in Baker Hughes by 4.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 9,488 shares of the company’s stock valued at $417,000 after acquiring an additional 380 shares during the period. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Up 0.4%

NASDAQ BKR opened at $48.06 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The company’s 50 day simple moving average is $47.60 and its 200 day simple moving average is $43.06. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $50.92. The company has a market capitalization of $47.42 billion, a P/E ratio of 16.57, a PEG ratio of 2.06 and a beta of 1.03.

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

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th were given a dividend of $0.23 per share. 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 1.9%. Baker Hughes’s payout ratio is 31.72%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKR. Bank of America increased their price target on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Seaport Res Ptn downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Citigroup lowered their target price on shares of Baker Hughes from $56.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Jefferies Financial Group set a $58.00 price target on shares of Baker Hughes in a research report on Wednesday, July 30th. Finally, Piper Sandler increased their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Twenty-three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.38.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at approximately $588,600. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive vice president owned 40,520 shares of the company’s stock, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.27% of the company’s stock.

Baker Hughes 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.