<div id="readability-page-1"><p>Covea Finance decreased its position in  Baker Hughes Company (NASDAQ:BKR - Free Report) by 12.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor  owned 169,800 shares of the company's stock after selling 25,000 shares during the period. Covea Finance's holdings in Baker Hughes were worth $8,273,000 as of its most recent filing with the SEC.</p><ul><li>Baker Hughes Delivers Growth as Energy Tech Expands</li></ul><p>Several other hedge funds also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of  Baker Hughes in the second quarter worth $36,000.  Harbour Investments Inc. increased its stake in  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 buying an additional 326 shares during the last quarter.  LFA Lugano Financial Advisors SA bought a new stake in  Baker Hughes during the 2nd quarter worth about $36,000.  LRI Investments LLC boosted its stake in shares of  Baker Hughes by 59.3% during the 2nd quarter. LRI Investments LLC now owns 1,032 shares of the company's stock worth $40,000 after buying an additional 384 shares during the last quarter.  Finally, Hilltop National Bank bought a new position in shares of  Baker Hughes in the 2nd quarter valued at about $43,000. 92.06% of the stock is owned by institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>BKR has been the topic of several analyst reports. BMO Capital Markets upped their target price on Baker Hughes from $53.00 to $55.00 in a report on Tuesday, November 11th. Zephirin Group upped their price objective on Baker Hughes from $37.00 to $40.00 and gave the stock a &#34;hold&#34; rating in a research note on Thursday, October 2nd. Barclays raised their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the company an &#34;overweight&#34; rating in a research note on Monday, October 27th. HSBC upped their price target on shares of Baker Hughes from $54.00 to $56.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, October 27th. Finally, Capital One Financial lifted their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the company an &#34;overweight&#34; rating in a research report on Tuesday, September 16th. Twenty-three equities research analysts have rated the stock with a Buy rating and three have issued  a Hold rating to the stock. According to data from MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $53.92.</p><ul><li>3 Energy Stocks That Could Benefit From Geopolitical Tensions</li></ul><p><b>Check Out Our Latest Research Report on Baker Hughes</b></p><h2>Baker Hughes Trading Up 0.8%</h2><p>BKR stock opened at $45.54 on Friday. Baker Hughes Company has a one year low of $33.60 and a one year high of $51.12. The stock has a market cap of $44.94 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The company has a fifty day moving average price of $47.70 and a two-hundred day moving average price of $44.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. </p><ul><li>3 Industrial Giants Positioned for Defense-Led Growth</li></ul><p>Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $5.09 billion for the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%.  Equities analysts anticipate that  Baker Hughes Company will post 2.59 EPS for the current year. </p><h2>Baker Hughes Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, November 4th. Baker Hughes's payout ratio is currently 31.72%. </p><h2>Baker Hughes Company Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Baker Hughes</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>The McDonald's Secret</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QktS?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QktS"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Baker Hughes Right Now?</h2><p>Before you consider Baker Hughes, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baker Hughes wasn't on the list.</p><p>While Baker Hughes currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Covea Finance reduced its stake in Baker Hughes Company by 12.8% in the third quarter, now holding 169,800 shares valued at $8.27 million. Several other hedge funds adjusted their positions in Baker Hughes. Analysts have set new price targets, with a consensus rating of 'Moderate Buy' and a target price of $53.92. Baker Hughes reported $0.16 EPS for the quarter, with revenue of $5.09 billion, and announced a quarterly dividend of $0.23 per share.</p>

Covea Finance Has $8.27 Million Stock Holdings in Baker Hughes Company $BKR