Caption Management LLC Takes Position in Baker Hughes Company $BKR

Key Points

• Caption Management LLC acquired 17,150 shares of Baker Hughes Company ($BKR), valued at approximately $754,000, during the first quarter.
• Analyst ratings for Baker Hughes show strong confidence, with a majority rating the stock as a "Buy", and the average price target is set at $52.29.
• CEO Lorenzo Simonelli sold 526,568 shares of the company's stock, significantly reducing his ownership stake by 44.10% after the transaction.

Caption Management LLC purchased a new position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 17,150 shares of the company's stock, valued at approximately $754,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Baker Hughes by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company's stock worth $27,314,000 after purchasing an additional 17,035 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of Baker Hughes by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,455 shares of the company's stock worth $1,075,000 after purchasing an additional 8,351 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Baker Hughes by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,239,175 shares of the company's stock worth $54,462,000 after purchasing an additional 82,706 shares in the last quarter. Stack Financial Management Inc purchased a new stake in shares of Baker Hughes during the 1st quarter worth about $12,890,000. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of Baker Hughes during the 1st quarter worth about $360,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BKR. Stifel Nicolaus lowered their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. TD Cowen increased their price objective on Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Evercore ISI increased their price objective on Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley increased their price objective on Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, Barclays increased their price objective on Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and an average price target of $52.29.

Baker Hughes Stock Performance

NASDAQ BKR traded down $0.36 during trading on Wednesday, hitting $45.00. The company's stock had a trading volume of 6,486,556 shares, compared to its average volume of 4,477,091. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $42.38 and a 200 day moving average price of $40.65. The firm has a market cap of $44.36 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. Baker Hughes Company has a 52 week low of $32.25 and a 52 week high of $49.40.

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

Baker Hughes Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. Baker Hughes's payout ratio is currently 30.07%.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the sale, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% 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.