130,045 Shares in Baker Hughes Company $BKR Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs made a new investment of approximately $5.72 million in Baker Hughes Company, acquiring 130,045 shares during the first quarter.
• Baker Hughes reported earnings of $0.63 per share for the last quarter, exceeding analysts' forecasts and generating a revenue of $6.91 billion.
• The company recently announced a quarterly dividend of $0.23 per share, reflecting a 2.0% annual yield.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Baker Hughes Company (NASDAQ:BKR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 130,045 shares of the company's stock, valued at approximately $5,715,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Baker Hughes by 225.9% during the fourth quarter. Cetera Investment Advisers now owns 83,039 shares of the company's stock valued at $3,406,000 after buying an additional 57,556 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Baker Hughes by 26.3% during the fourth quarter. Focus Partners Wealth now owns 17,495 shares of the company's stock valued at $718,000 after buying an additional 3,641 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of Baker Hughes by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 42,009 shares of the company's stock valued at $1,723,000 after buying an additional 7,106 shares during the last quarter. NorthRock Partners LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $317,000. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Baker Hughes by 6.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 372,304 shares of the company's stock valued at $15,190,000 after buying an additional 22,183 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Stock Performance

Shares of BKR traded down $0.48 during mid-day trading on Friday, hitting $46.49. The stock had a trading volume of 4,014,997 shares, compared to its average volume of 4,637,218. The firm has a market cap of $45.83 billion, a P/E ratio of 15.19, a PEG ratio of 2.12 and a beta of 1.01. The business has a fifty day moving average price of $43.40 and a 200-day moving average price of $40.62. 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 52 week low of $33.13 and a 52 week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same period in the previous year, the company posted $0.57 EPS. The firm's revenue for the quarter 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 research analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's payout ratio is presently 30.07%.

Insider Activity

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the business'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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BKR shares. Morgan Stanley lifted their target price on Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Barclays lifted their target price on Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Stifel Nicolaus cut their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. TD Cowen boosted their price objective on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Melius started coverage on Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price objective on the stock. Twenty 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.29.

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.