Baker Hughes (NASDAQ:BKR) EVP Sreeganesh Ramaswamy Sells 25,000 Shares

Key Points

• Sreeganesh Ramaswamy, the Executive Vice President of Baker Hughes, sold 25,000 shares of the company stock for a total of $1.25 million, resulting in a 38.16% decrease in their ownership.
• Baker Hughes reported quarterly earnings of $0.63 per share, surpassing analysts' expectations of $0.55, despite a 3.2% decline in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.23 per share, with an annualized yield of 1.8% and a payout ratio of 30.07%.

Baker Hughes Company (NASDAQ:BKR - Get Free Report) EVP Sreeganesh Ramaswamy sold 25,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Baker Hughes Price Performance

Baker Hughes stock traded up $0.23 during trading hours on Thursday, hitting $50.10. 6,454,268 shares of the stock were exchanged, compared to its average volume of 7,594,769. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The stock has a market capitalization of $49.39 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.22 and a beta of 1.01. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $50.24. The business's 50-day moving average is $44.69 and its two-hundred day moving average is $40.91.

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

Baker Hughes Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group set a $58.00 target price on shares of Baker Hughes in a research report on Wednesday, July 30th. Melius Research assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 target price on the stock. Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Morgan Stanley upped their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Melius assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 target price on the stock. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.32.

Hedge Funds Weigh In On Baker Hughes

Several large investors have recently bought and sold shares of BKR. Wayfinding Financial LLC acquired a new stake in Baker Hughes in the first quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new stake in Baker Hughes in the first quarter worth $30,000. Golden State Wealth Management LLC raised its holdings in Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after purchasing an additional 604 shares during the period. Grove Bank & Trust raised its holdings in Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after purchasing an additional 320 shares during the period. Finally, Spire Wealth Management raised its holdings in Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after purchasing an additional 465 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

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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