Baker Hughes Company $BKR Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Baker Hughes by 13.4%, selling 851,536 shares and holding 5,508,724 shares valued at approximately $242 million.
• Baker Hughes reported a quarterly earnings per share of $0.63, surpassing the consensus estimate of $0.55, with total revenue of $6.91 billion for the quarter.
• The company recently declared a quarterly dividend of $0.23, representing an annualized dividend yield of 2.1% with a payout ratio of 30.07%.

American Century Companies Inc. lessened its holdings in Baker Hughes Company (NASDAQ:BKR - Free Report) by 13.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,508,724 shares of the company's stock after selling 851,536 shares during the period. American Century Companies Inc. owned about 0.56% of Baker Hughes worth $242,109,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Baker Hughes in the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Baker Hughes in the 1st quarter valued at $30,000. Golden State Wealth Management LLC raised its stake in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after acquiring an additional 604 shares during the period. Grove Bank & Trust raised its stake in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after acquiring an additional 320 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after acquiring an additional 465 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction dated Wednesday, July 23rd. The shares were 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 approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

Baker Hughes Stock Up 0.3%

BKR stock traded up $0.1260 during mid-day trading on Wednesday, hitting $43.0760. 1,786,567 shares of the company were exchanged, compared to its average volume of 7,849,896. Baker Hughes Company has a twelve month low of $32.25 and a twelve month high of $49.40. The firm has a fifty day simple moving average of $41.07 and a 200 day simple moving average of $40.79. 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 has a market capitalization of $42.47 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. During the same period in the previous year, the business posted $0.57 EPS. The company's quarterly revenue was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. Baker Hughes's payout ratio is 30.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKR. Melius Research assumed coverage on shares of Baker Hughes in a report on Wednesday. They set a "buy" rating and a $60.00 price target for the company. UBS Group reaffirmed a "neutral" rating and set a $46.00 price target (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Susquehanna lifted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. BMO Capital Markets reaffirmed an "outperform" rating and set a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus dropped their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Twenty analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Baker Hughes has a consensus rating of "Moderate Buy" and an average target price of $52.29.

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.