Baker Hughes Company $BKR Shares Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in Baker Hughes Company by 55.5%, owning 65,310 shares valued at approximately $2.87 million following an additional purchase of 23,301 shares in Q1.
• Multiple analysts have adjusted their price targets for Baker Hughes, with estimates ranging from $41.00 to $55.00, and the company currently holds a "Moderate Buy" rating with an average price target of $52.29.
• In the latest earnings report, Baker Hughes reported an EPS of $0.63, exceeding estimates, with revenues of $6.91 billion despite a year-over-year decline of 3.2%.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 55.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,310 shares of the company's stock after buying an additional 23,301 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Baker Hughes were worth $2,870,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Baker Hughes in the first quarter valued at about $28,000. Golden State Wealth Management LLC boosted its position in Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes during the first quarter worth $30,000. Grove Bank & Trust increased its stake in shares of 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 purchasing an additional 320 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after purchasing an additional 465 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Down 0.1%

Shares of BKR traded down $0.04 during trading hours on Tuesday, reaching $45.36. 8,580,196 shares of the company traded hands, compared to its average volume of 7,729,507. Baker Hughes Company has a 12-month low of $32.25 and a 12-month high of $49.40. The stock's fifty day moving average price is $42.09 and its 200 day moving average price is $40.59. The firm has a market cap of $44.72 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.07 and a beta of 1.01. 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 (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The business 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%.The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

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

Insider Buying and Selling at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes 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 completion of the transaction, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

BKR has been the subject of several research reports. Melius assumed coverage on Baker Hughes in a report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price target for the company. Morgan Stanley increased their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $53.00 price objective (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Evercore ISI boosted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Barclays increased their target price on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock 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.