APG Asset Management N.V. Has $7.89 Million Position in Baker Hughes Company $BKR

Key Points

• APG Asset Management N.V. reduced its stake in Baker Hughes Company (NASDAQ:BKR) by 21.8%, holding 193,946 shares worth approximately $7.89 million at the end of the first quarter.
• Despite this decrease, institutional investors and hedge funds own a substantial 92.06% of Baker Hughes shares, reflecting strong market confidence in the company.
• Baker Hughes recently reported earnings that exceeded expectations, with a Q2 EPS of $0.63, compared to a consensus estimate of $0.55, although revenues declined 3.2% year-over-year.

APG Asset Management N.V. lessened its position in Baker Hughes Company (NASDAQ:BKR - Free Report) by 21.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,946 shares of the company's stock after selling 53,959 shares during the period. APG Asset Management N.V.'s holdings in Baker Hughes were worth $7,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BKR. MML Investors Services LLC increased its holdings in Baker Hughes by 152.2% in the 4th quarter. MML Investors Services LLC now owns 43,735 shares of the company's stock worth $1,794,000 after purchasing an additional 26,395 shares in the last quarter. MGO One Seven LLC increased its holdings in Baker Hughes by 8.4% in the 4th quarter. MGO One Seven LLC now owns 9,128 shares of the company's stock worth $374,000 after purchasing an additional 704 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Baker Hughes by 42.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,003 shares of the company's stock worth $944,000 after purchasing an additional 6,815 shares in the last quarter. Nebula Research & Development LLC acquired a new position in Baker Hughes in the 4th quarter worth about $233,000. Finally, Coldstream Capital Management Inc. increased its stake in shares of Baker Hughes by 7.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 13,802 shares of the company's stock valued at $566,000 after buying an additional 978 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of several recent research reports. Melius Research initiated coverage on Baker Hughes in a research note on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price target for the company. Barclays increased their price target on Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn cut Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. UBS Group reissued a "neutral" rating and issued a $46.00 price target (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, Morgan Stanley increased their price target on Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.29.

Baker Hughes Stock Down 0.7%

Shares of Baker Hughes stock opened at $44.43 on Tuesday. Baker Hughes Company has a one year low of $32.25 and a one year high of $49.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The stock's 50-day moving average is $41.46 and its 200 day moving average is $40.64. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 2.04 and a beta of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its 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 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 quarter in the prior year, the company earned $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. Equities research analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

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

Insider Activity at Baker Hughes

In other Baker Hughes 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 transaction, the chief executive officer owned 667,593 shares in the company, valued at approximately $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Baker Hughes 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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