Groupama Asset Managment Has $43.29 Million Stock Position in Baker Hughes (NASDAQ:BKR)

Groupama Asset Managment raised its stake in Baker Hughes (NASDAQ:BKR) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,057,363 shares of the company’s stock after acquiring an additional 167,985 shares during the quarter. Groupama Asset Managment owned about 0.11% of Baker Hughes worth $43,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BKR. Norges Bank acquired a new position in shares of Baker Hughes during the fourth quarter valued at $829,092,000. Raymond James Financial Inc. bought a new stake in Baker Hughes during the 4th quarter worth about $291,289,000. Hotchkis & Wiley Capital Management LLC lifted its position in Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock valued at $394,775,000 after purchasing an additional 2,811,940 shares during the period. Congress Asset Management Co. bought a new position in shares of Baker Hughes in the 4th quarter valued at about $107,155,000. Finally, Yaupon Capital Management LP acquired a new stake in shares of Baker Hughes during the 3rd quarter worth approximately $47,296,000. 92.06% of the stock is owned by institutional investors.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Baker Hughes Stock Up 2.0 %

Shares of BKR stock opened at $43.95 on Tuesday. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $44.76 and a 200-day moving average of $41.87. The company has a market capitalization of $43.52 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 2.00 and a beta of 1.30.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, equities research analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.09%. Baker Hughes’s dividend payout ratio (DPR) is presently 30.87%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BKR shares. TD Cowen cut their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada increased their price target on Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler upped their price objective on Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Bank of America raised their target price on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $51.00.

About Baker Hughes

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.