71,437 Shares in Baker Hughes Company $BKR Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 71,437 shares of the company's stock, valued at approximately $2,739,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKR. Nuveen LLC acquired a new position in shares of Baker Hughes in the 1st quarter worth approximately $404,385,000. Pacer Advisors Inc. lifted its position in shares of Baker Hughes by 2,585.6% in the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock worth $169,511,000 after purchasing an additional 3,713,301 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Baker Hughes in the 1st quarter worth approximately $70,685,000. Strs Ohio acquired a new position in shares of Baker Hughes in the 1st quarter worth approximately $60,490,000. Finally, AQR Capital Management LLC lifted its position in shares of Baker Hughes by 27.8% in the 1st quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company's stock worth $234,958,000 after purchasing an additional 1,185,456 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Insider Buying and Selling at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer owned 11,772 shares in the company, valued at $588,600. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lorenzo Simonelli sold 526,568 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is owned by corporate insiders.

Baker Hughes Stock Performance

Shares of BKR stock opened at $48.58 on Wednesday. The firm has a market capitalization of $47.89 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. The firm has a fifty day simple moving average of $45.80 and a two-hundred day simple moving average of $41.28. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $50.92.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. Baker Hughes's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter 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. Analysts forecast that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's payout ratio is 30.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Melius assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price target on the stock. UBS Group lifted their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday. Zephirin Group lifted their price objective on shares of Baker Hughes from $37.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, October 2nd. Stifel Nicolaus lowered their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Baker Hughes in a research note on Saturday, September 27th. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.09.

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.

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