Universal Beteiligungs und Servicegesellschaft mbH Boosts Position in Baker Hughes Company $BKR

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Baker Hughes Company (NASDAQ:BKR) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,787,136 shares of the company’s stock after acquiring an additional 8,754 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.28% of Baker Hughes worth $106,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKR. Kingsman Wealth Management Inc. acquired a new position in shares of Baker Hughes in the 1st quarter valued at $442,000. Empower Advisory Group LLC increased its position in shares of Baker Hughes by 0.5% during the 1st quarter. Empower Advisory Group LLC now owns 2,120,493 shares of the company’s stock worth $93,196,000 after purchasing an additional 9,524 shares during the last quarter. HB Wealth Management LLC raised its holdings in Baker Hughes by 51.3% in the 1st quarter. HB Wealth Management LLC now owns 40,808 shares of the company’s stock valued at $1,794,000 after buying an additional 13,839 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Baker Hughes by 10.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,276 shares of the company’s stock valued at $80,748,000 after buying an additional 180,809 shares during the period. Finally, Invesco Ltd. lifted its position in Baker Hughes by 2.7% in the first quarter. Invesco Ltd. now owns 10,790,132 shares of the company’s stock valued at $474,226,000 after buying an additional 283,454 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zephirin Group lifted their price target on shares of Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Susquehanna lifted their target price on shares of Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a report on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of Baker Hughes in a research report on Monday, October 27th. Evercore ISI set a $54.00 price target on Baker Hughes in a research report on Monday, October 27th. Finally, UBS Group boosted their price objective on Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Twenty-three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.38.

Baker Hughes Trading Up 2.6%

NASDAQ:BKR opened at $48.73 on Friday. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.92. The firm has a market cap of $48.09 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $47.51 and a 200 day moving average price of $42.84.

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

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Tuesday, November 4th were paid a $0.23 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. Baker Hughes’s payout ratio is currently 31.72%.

Insider Activity at Baker Hughes

In related news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were 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 in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Rebecca L. Charlton sold 1,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer directly owned 11,772 shares in the company, valued at $588,600. This trade represents a 7.83% decrease in their position. The SEC filing for this sale provides additional information. 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.