Baker Hughes Company (BKR) To Go Ex-Dividend on November 4th

Baker Hughes Company (NASDAQ:BKR) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Tuesday, November 4th will be given a dividend of 0.23 per share on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, November 4th.

Baker Hughes has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Baker Hughes to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.8%.

Baker Hughes Trading Down 3.3%

NASDAQ:BKR opened at $47.30 on Friday. The company has a market capitalization of $46.63 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes has a 52-week low of $33.60 and a 52-week high of $50.92. The stock has a fifty day simple moving average of $46.53 and a 200-day simple moving average of $41.69.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $5.09 billion during the quarter. Baker Hughes had a return on equity of 14.41% and a net margin of 10.43%. On average, equities research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Insider Activity at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of Baker Hughes stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at $588,600. The trade was a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of Baker Hughes stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the executive vice president owned 40,520 shares in the company, valued at $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Baker Hughes

Institutional investors have recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its holdings in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after acquiring an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 acquiring an additional 337 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after acquiring an additional 326 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

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.