Nwam LLC Has $1.39 Million Holdings in Baker Hughes (NASDAQ:BKR)

Nwam LLC boosted its stake in Baker Hughes (NASDAQ:BKR) by 80.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,834 shares of the company’s stock after purchasing an additional 19,605 shares during the period. Nwam LLC’s holdings in Baker Hughes were worth $1,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Baker Hughes by 2.7% during the 1st quarter. BlackRock Inc. now owns 91,242,708 shares of the company’s stock worth $2,633,265,000 after purchasing an additional 2,390,713 shares in the last quarter. State Street Corp grew its stake in shares of Baker Hughes by 0.5% in the 1st quarter. State Street Corp now owns 67,473,141 shares of the company’s stock valued at $1,947,274,000 after buying an additional 365,013 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Baker Hughes by 1.2% in the 1st quarter. JPMorgan Chase & Co. now owns 51,167,608 shares of the company’s stock valued at $1,476,697,000 after buying an additional 622,291 shares during the period. Dodge & Cox grew its stake in shares of Baker Hughes by 9.9% in the 1st quarter. Dodge & Cox now owns 34,072,354 shares of the company’s stock valued at $983,328,000 after buying an additional 3,065,517 shares during the period. Finally, FIL Ltd boosted its stake in Baker Hughes by 6.9% during the 1st quarter. FIL Ltd now owns 22,159,463 shares of the company’s stock valued at $639,522,000 after purchasing an additional 1,437,594 shares during the last quarter. 92.22% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Down 4.1 %

Shares of NASDAQ:BKR opened at $33.24 on Friday. Baker Hughes has a 52-week low of $26.12 and a 52-week high of $37.58. The firm has a fifty day moving average of $35.10 and a 200 day moving average of $33.22. The firm has a market capitalization of $33.45 billion, a PE ratio of 20.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.27.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Baker Hughes had a net margin of 6.86% and a return on equity of 9.94%. The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s revenue was up 23.8% on a year-over-year basis. As a group, research analysts anticipate that Baker Hughes will post 1.57 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, November 3rd. Baker Hughes’s payout ratio is currently 48.19%.

Analyst Ratings Changes

A number of equities analysts have issued reports on BKR shares. Morgan Stanley lifted their price target on Baker Hughes from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, October 17th. Bank of America boosted their target price on Baker Hughes from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. Barclays boosted their target price on Baker Hughes from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Jefferies Financial Group boosted their target price on Baker Hughes from $42.00 to $44.00 in a research note on Monday, October 2nd. Finally, Piper Sandler boosted their target price on Baker Hughes from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.56.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $34.49, for a total transaction of $344,900.00. Following the completion of the transaction, the executive vice president now owns 59,463 shares of the company’s stock, valued at $2,050,878.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 40,000 shares of company stock valued at $1,414,400. Corporate insiders own 0.24% 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. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). 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.