B. Metzler seel. Sohn & Co. AG Trims Position in Baker Hughes Company $BKR

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in Baker Hughes Company by 44.1%, selling 226,804 shares during the first quarter, leaving it with 287,981 shares worth approximately $12.7 million.
• Baker Hughes reported earnings of $0.63 per share for the last quarter, surpassing expectations of $0.55, with a total revenue of $6.91 billion, which was also above analysts' forecasts.
• The company has declared a quarterly dividend of $0.23 per share, which contributes to an annualized dividend yield of 2.1%, highlighting its commitment to returning value to shareholders.

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 44.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,981 shares of the company's stock after selling 226,804 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Baker Hughes were worth $12,657,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Prosperity Consulting Group LLC boosted its position in shares of Baker Hughes by 2.7% during the 1st quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock valued at $463,000 after acquiring an additional 278 shares during the last quarter. Greenleaf Trust boosted its position in shares of Baker Hughes by 2.2% during the 1st quarter. Greenleaf Trust now owns 13,852 shares of the company's stock valued at $609,000 after acquiring an additional 293 shares during the last quarter. TCTC Holdings LLC boosted its position in shares of Baker Hughes by 7.7% during the 1st quarter. TCTC Holdings LLC now owns 4,219 shares of the company's stock valued at $185,000 after acquiring an additional 301 shares during the last quarter. Grove Bank & Trust lifted its position 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 buying an additional 320 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in Baker Hughes by 1.0% in the 1st quarter. Ritholtz Wealth Management now owns 34,725 shares of the company's stock worth $1,526,000 after buying an additional 339 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Baker Hughes Trading Down 0.4%

BKR stock traded down $0.16 during midday trading on Monday, hitting $45.40. The company had a trading volume of 4,786,689 shares, compared to its average volume of 4,796,474. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 52 week low of $32.25 and a 52 week high of $49.40. The stock's 50 day moving average price is $41.94 and its 200 day moving average price is $40.59. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.07 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business's 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. As a group, equities research analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

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

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BKR. Morgan Stanley boosted their target price on Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Industrial Alliance Securities set a $53.00 target price on Baker Hughes in a research report on Wednesday, July 30th. The Goldman Sachs Group dropped their target price on Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. BMO Capital Markets restated an "outperform" rating and issued a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Finally, Melius began coverage on Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.