Amundi Has $405.55 Million Stake in Baker Hughes Company $BKR

Key Points

• Amundi reduced its stake in Baker Hughes Company (NASDAQ:BKR) by 29.8%, owning approximately 9.9 million shares valued at $405.5 million after selling over 4.2 million shares in the first quarter.
• Several institutional investors have modified their holdings in Baker Hughes, with notable increases from Envestnet Asset Management and China Universal Asset Management.
• Baker Hughes recently reported an earnings per share of $0.63, beating analysts' expectations, although revenue declined 3.2% year-over-year to $6.91 billion.

Amundi lowered its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 29.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,893,963 shares of the company's stock after selling 4,209,093 shares during the quarter. Amundi owned about 1.00% of Baker Hughes worth $405,551,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BKR. Prosperity Consulting Group LLC increased its stake in Baker Hughes by 2.7% in the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock valued at $463,000 after purchasing an additional 278 shares during the last quarter. Greenleaf Trust grew its stake in Baker Hughes by 2.2% during the 1st quarter. Greenleaf Trust now owns 13,852 shares of the company's stock worth $609,000 after buying an additional 293 shares during the last quarter. TCTC Holdings LLC grew its stake in Baker Hughes by 7.7% during the 1st quarter. TCTC Holdings LLC now owns 4,219 shares of the company's stock worth $185,000 after buying an additional 301 shares during the last quarter. Grove Bank & Trust lifted its position in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Baker Hughes by 1.0% during the 1st quarter. Ritholtz Wealth Management now owns 34,725 shares of the company's stock worth $1,526,000 after acquiring an additional 339 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BKR shares. Seaport Res Ptn downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Susquehanna raised their price target on Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. TD Cowen raised their price target on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Melius assumed coverage on Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price target for the company. Finally, Morgan Stanley raised their price target on Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Baker Hughes presently has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Baker Hughes Price Performance

BKR traded up $0.06 during trading on Monday, reaching $45.64. The stock had a trading volume of 3,778,686 shares, compared to its average volume of 7,671,891. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The stock has a 50 day moving average of $42.69 and a two-hundred day moving average of $40.55. The firm has a market capitalization of $45.00 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

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 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 during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The company's quarterly 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. As a group, equities analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. 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 presently 30.07%.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

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.