Barclays PLC Sells 1,184,481 Shares of Baker Hughes Company $BKR

Barclays PLC decreased its position in shares of Baker Hughes Company (NASDAQ:BKR) by 26.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,333,953 shares of the company’s stock after selling 1,184,481 shares during the period. Barclays PLC’s holdings in Baker Hughes were worth $162,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Activest Wealth Management grew its position in Baker Hughes by 1,242.5% during the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after acquiring an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in 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 purchasing an additional 337 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in Baker Hughes in the 2nd quarter valued at $36,000. Twin Peaks Wealth Advisors LLC acquired a new position in Baker Hughes in the second quarter worth $36,000. Finally, Rothschild Investment LLC boosted its stake in Baker Hughes by 66.6% in the second quarter. Rothschild Investment LLC now owns 1,241 shares of the company’s stock worth $48,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,985 shares of Baker Hughes stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $55.77, for a total transaction of $110,703.45. Following the completion of the sale, the chief accounting officer owned 12,052 shares in the company, valued at $672,140.04. The trade was a 14.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Maria Georgia Magno sold 19,150 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $59.11, for a total transaction of $1,131,956.50. Following the sale, the insider directly owned 14,588 shares of the company’s stock, valued at approximately $862,296.68. This trade represents a 56.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 312,594 shares of company stock worth $18,986,302 over the last quarter. Company insiders own 0.27% of the company’s stock.

Baker Hughes Trading Down 0.6%

BKR stock opened at $59.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. Baker Hughes Company has a twelve month low of $33.60 and a twelve month high of $67.00. The company has a market cap of $59.11 billion, a P/E ratio of 23.00, a PEG ratio of 1.62 and a beta of 0.83. The business has a fifty day moving average of $56.13 and a 200-day moving average of $50.32.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.11. The business had revenue of $7.39 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 earnings per share. As a group, equities research analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Baker Hughes’s dividend payout ratio (DPR) is 35.38%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Susquehanna raised their target price on Baker Hughes from $58.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Piper Sandler upped their price target on shares of Baker Hughes from $52.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Johnson Rice initiated coverage on shares of Baker Hughes in a report on Wednesday, February 25th. They set a “buy” rating and a $68.00 price objective on the stock. Citigroup raised their price objective on shares of Baker Hughes from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Finally, Argus boosted their target price on shares of Baker Hughes from $55.00 to $67.00 in a research note on Tuesday, January 27th. Twenty investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.61.

Key Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes’ weekly rig count showed U.S. drillers added oil and gas rigs for the first time in four weeks, a sign of improving activity that supports demand for BKR’s services. US drillers add oil, gas rigs for first time in four weeks, Baker Hughes says
• Positive Sentiment: Baker Hughes successfully priced $6.5B of U.S. senior notes and €3B of euro notes across multiple maturities; the sales show investor demand and provide cash to help fund the Chart Industries takeover. Baker Hughes Successfully Prices $6.5 Billion and €3 Billion Offerings of Senior Notes
• Positive Sentiment: At least one sell-side note expects upside for BKR, providing support to the equity narrative. Baker Hughes (NASDAQ:BKR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says
• Positive Sentiment: Widening geopolitical risk after the death of Iran’s Supreme Leader is reshaping energy markets; higher oil-price risk can boost activity and service revenues over time. The Iran War Is Reshaping Energy Markets and These Stocks Win Big
• Neutral Sentiment: Earlier media reports said Baker Hughes planned a ~$10B cross-border bond sale to help finance the Chart acquisition—this was a precursor to the priced notes and mostly confirms the financing plan. Baker Hughes Plans $10 Billion Bond Sale to Finance Chart Industries Acquisition
• Neutral Sentiment: Reported short-interest figures are showing zero shares (likely a data/ reporting artifact) and are not informative for current positioning. (Data entry)
• Negative Sentiment: CEO Lorenzo Simonelli sold 272,593 shares (~$16.7M) on March 4, reducing his stake by ~29% — a large insider sale that can weigh on sentiment. SEC filing: SEC Form 4
• Negative Sentiment: Multiple other recent insider sales are documented (Quiver summary), which may amplify investor concern about insider liquidity and timing around the Chart acquisition. Quiver: Debt offerings and insider activity

About Baker Hughes

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.