Baker Hughes (NASDAQ:BKR) CAO Sells $50,000.00 in Stock

Key Points

• Baker Hughes CAO, Rebecca Charlton, sold 1,000 shares of stock valued at $50,000, reducing her ownership by 7.83% to 11,772 shares.
• The company reported $0.63 earnings per share for its last quarter, surpassing analyst expectations of $0.55 and showing a net margin of 11.04%.
• Baker Hughes also announced a quarterly dividend of $0.23 per share, representing an annualized yield of 1.8% with a payout ratio of 30.07%.

Baker Hughes Company (NASDAQ:BKR - Get Free Report) CAO Rebecca Charlton sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the chief accounting officer directly owned 11,772 shares of the company's stock, valued at $588,600. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Baker Hughes Trading Up 0.5%

NASDAQ BKR traded up $0.23 during trading hours on Thursday, reaching $50.10. The company had a trading volume of 6,454,268 shares, compared to its average volume of 7,594,769. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $49.39 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The stock has a 50-day moving average of $44.69 and a 200 day moving average of $40.91. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $50.24.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $6.64 billion. During the same period last year, the business earned $0.57 earnings per share. The business's revenue for the quarter was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Baker Hughes's payout ratio is presently 30.07%.

Analyst Ratings Changes

BKR has been the subject of several research analyst reports. Capital One Financial raised their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Melius initiated coverage on Baker Hughes in a report on Wednesday, August 20th. They set a "buy" rating and a $60.00 target price for the company. Stifel Nicolaus dropped their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Susquehanna increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Finally, Barclays raised their price objective on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Baker Hughes has a consensus rating of "Moderate Buy" and an average target price of $52.32.

Institutional Investors Weigh In On Baker Hughes

Several institutional investors have recently added to or reduced their stakes in BKR. Envestnet Asset Management Inc. grew its position in Baker Hughes by 2.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company's stock valued at $27,314,000 after buying an additional 17,035 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of Baker Hughes by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,455 shares of the company's stock worth $1,075,000 after acquiring an additional 8,351 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Baker Hughes by 7.2% in the first quarter. Principal Financial Group Inc. now owns 1,239,175 shares of the company's stock valued at $54,462,000 after acquiring an additional 82,706 shares in the last quarter. Stack Financial Management Inc acquired a new position in shares of Baker Hughes during the first quarter worth about $12,890,000. Finally, Johnson Investment Counsel Inc. purchased a new position in Baker Hughes during the first quarter worth about $360,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Company Profile

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.

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