Acadian Asset Management LLC Boosts Stock Position in Baker Hughes Company $BKR

Key Points

• Acadian Asset Management LLC increased its stake in Baker Hughes by 10.4% during the first quarter, holding 85,473 shares valued at approximately $3.76 million.
• Baker Hughes reported favorable quarterly earnings, with an EPS of $0.63, exceeding estimates, and revenue of $6.91 billion, which was above analyst expectations.
• The company declared a quarterly dividend of $0.23 per share, resulting in an annualized dividend yield of 2.0%.

Acadian Asset Management LLC increased its position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 10.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,473 shares of the company's stock after purchasing an additional 8,060 shares during the quarter. Acadian Asset Management LLC's holdings in Baker Hughes were worth $3,755,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Baker Hughes by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company's stock worth $27,314,000 after buying an additional 17,035 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in 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 during the period. Principal Financial Group Inc. increased its holdings in 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 during the period. Stack Financial Management Inc purchased a new stake in Baker Hughes during the 1st quarter worth about $12,890,000. Finally, Johnson Investment Counsel Inc. purchased a new stake in Baker Hughes during the 1st quarter worth about $360,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $46.49 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a 1-year low of $33.13 and a 1-year high of $49.40. The business has a 50-day moving average of $43.40 and a 200-day moving average of $40.62. The company has a market capitalization of $45.83 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 2.12 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released 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. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The business had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company's revenue was down 3.2% compared to the same quarter last year. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared 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 2.0%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's dividend payout ratio is presently 30.07%.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of research analyst reports. Evercore ISI upped their target price on Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Industrial Alliance Securities set a $53.00 price objective on Baker Hughes in a research report on Wednesday, July 30th. Melius Research began coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price target for the company. Seaport Res Ptn cut Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Finally, Barclays raised their price target on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Twenty equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Baker Hughes currently has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Insider Transactions at Baker Hughes

In related 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 value of $23,390,150.56. Following the completion of the transaction, the chief executive officer directly owned 667,593 shares of the company's stock, valued at $29,654,481.06. This represents a 44.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

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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