AlphaQuest LLC Raises Holdings in Baker Hughes Company $BKR

Key Points

• AlphaQuest LLC significantly increased its stake in Baker Hughes Company, acquiring 27,249 additional shares, bringing its total holdings to 28,988 shares valued at approximately $1.27 million.
• Multiple institutional investors have shown increased interest in Baker Hughes, with MML Investors Services LLC and Integrated Wealth Concepts LLC among those boosting their positions during the last quarter.
• Wall Street analysts have provided mixed ratings for Baker Hughes, with twenty analysts giving it a "Buy" rating and a current average target price of $52.29.

AlphaQuest LLC grew its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 1,566.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,988 shares of the company's stock after buying an additional 27,249 shares during the period. AlphaQuest LLC's holdings in Baker Hughes were worth $1,274,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in Baker Hughes in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its holdings in Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after purchasing an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Baker Hughes in the 1st quarter worth approximately $30,000. Grove Bank & Trust lifted its holdings in Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after purchasing an additional 320 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after purchasing an additional 465 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Susquehanna upped their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Seaport Res Ptn cut Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Stifel Nicolaus decreased 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. Finally, Melius Research assumed coverage on Baker Hughes in a report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price objective on the stock. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $52.29.

Baker Hughes Trading Up 1.8%

Shares of NASDAQ BKR traded up $0.79 during trading hours on Thursday, hitting $45.57. 4,204,089 shares of the company traded hands, compared to its average volume of 7,728,439. The stock has a market capitalization of $44.93 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The company's 50 day moving average price is $41.68 and its 200 day moving average price is $40.70. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating 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%.Baker Hughes's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes's dividend payout ratio is 30.07%.

Insider Buying and Selling

In other Baker Hughes news, 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 value of $23,390,150.56. Following the transaction, the chief executive officer 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 legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

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.