7,249 Shares in Baker Hughes Company $BKR Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Baker Hughes Company, purchasing 7,249 shares valued at approximately $319,000 in the first quarter.
• CEO Lorenzo Simonelli sold 526,568 shares of the company, reducing his stake by 44.10%, while institutional investors now own a substantial 92.06% of Baker Hughes.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Baker Hughes, with a target price averaging $52.29, reflecting favorable market sentiment despite a 3.2% revenue decrease year-over-year.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,249 shares of the company's stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Baker Hughes by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company's stock worth $27,314,000 after acquiring an additional 17,035 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Baker Hughes by 51.9% in the first 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 last quarter. Principal Financial Group Inc. lifted 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 worth $54,462,000 after acquiring an additional 82,706 shares during the last quarter. Stack Financial Management Inc bought a new position in shares of Baker Hughes in the first quarter worth about $12,890,000. Finally, Johnson Investment Counsel Inc. bought a new position in shares of Baker Hughes in the first quarter worth about $360,000. Institutional investors own 92.06% of the company's stock.

Wall Street Analyst Weigh In

BKR has been the subject of a number of research reports. Jefferies Financial Group set a $58.00 target price on shares of Baker Hughes in a report on Wednesday, July 30th. The Goldman Sachs Group dropped their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Morgan Stanley increased their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Evercore ISI upped their price objective on Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Industrial Alliance Securities set a $53.00 price objective on Baker Hughes in a research note on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.29.

Insider Activity

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the 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 transaction, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company's stock.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $46.49 on Friday. The company has a market capitalization of $45.83 billion, a PE ratio of 15.19, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a 50 day simple moving average of $43.40 and a two-hundred day simple moving average of $40.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes Company has a fifty-two week low of $33.13 and a fifty-two week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 14.56% and a net margin of 11.04%.The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current 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 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, August 5th. Baker Hughes's dividend payout ratio is presently 30.07%.

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.

Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Company (NASDAQ:BKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.