Baker Hughes Company $BKR Stock Purchased by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital increased its Baker Hughes stake by 27.2% in the third quarter, buying 543,546 shares to hold about 2.54 million shares worth $140.4 million.
• Baker Hughes reported quarterly EPS of $0.70, beating the $0.61 consensus, while revenue of $8.03 billion exceeded estimates and rose 14.5% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $70.27; recent target changes ranged from $52 to $77.

Eurizon Capital SGR S.p.A. boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 27.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,544,172 shares of the company's stock after purchasing an additional 543,546 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.26% of Baker Hughes worth $140,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKR. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Baker Hughes in the third quarter worth $54,000. King Luther Capital Management Corp boosted its holdings in shares of Baker Hughes by 95.3% during the 3rd quarter. King Luther Capital Management Corp now owns 18,030 shares of the company's stock worth $990,000 after buying an additional 8,798 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of Baker Hughes by 12.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 60,593 shares of the company's stock worth $3,327,000 after buying an additional 6,812 shares during the period. Ritholtz Wealth Management grew its stake in Baker Hughes by 49.9% in the 3rd quarter. Ritholtz Wealth Management now owns 59,533 shares of the company's stock valued at $3,268,000 after buying an additional 19,805 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its stake in Baker Hughes by 5.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 40,644 shares of the company's stock valued at $2,231,000 after buying an additional 2,151 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Trending Headlines about Baker Hughes

Here are a few of the latest headlines about BKR:

• Positive Sentiment: Baker Hughes raised its full-year industrial-segment orders outlook to $21.5 billion–$23.5 billion, while data-center power orders reached $4.9 billion year to date. Those figures point to solid demand in an area investors are watching for future growth. Baker Hughes: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Baker Hughes and Türkiye’s TPAO agreed to explore enhanced geothermal systems for reliable, lower-carbon power. The partnership could create longer-term opportunities, but it is an exploration agreement—not a disclosed order or revenue commitment. Baker Hughes and TPAO geothermal agreement
• Neutral Sentiment: Sell-side analysts were reported to have a “Moderate Buy” consensus. Separately, call-option trading rose sharply, which may reflect bullish positioning but is not a reliable indicator of future share performance. Analyst rating coverage

Analyst Upgrades and Downgrades

Several brokerages recently commented on BKR. Morgan Stanley dropped their target price on shares of Baker Hughes from $70.00 to $68.00 and set an "overweight" rating on the stock in a report on Thursday, October 29th. Wall Street Zen cut shares of Baker Hughes from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Citigroup decreased their price target on shares of Baker Hughes from $75.00 to $72.00 and set a "buy" rating for the company in a report on Monday, October 19th. Freedom Broker raised Baker Hughes from a "sell" rating to a "hold" rating and raised their price target for the company from $51.00 to $52.00 in a research report on Friday, October 30th. Finally, TD Cowen lifted their price objective on Baker Hughes from $76.00 to $77.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.27.

Baker Hughes Stock Down 1.1%

BKR opened at $48.86 on Friday. Baker Hughes Company has a 1-year low of $44.26 and a 1-year high of $70.41. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $48.52 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.36 and a beta of 1.07. The business has a 50 day moving average of $55.72 and a 200-day moving average of $59.91.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.74 billion. During the same quarter last year, the company posted $0.68 earnings per share. Baker Hughes's quarterly revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Baker Hughes Company will post 2.56 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. Baker Hughes's dividend payout ratio is 31.72%.

Insiders Place Their Bets

In related news, Director John Rice purchased 10,000 shares of the firm's stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of $53.10 per share, for a total transaction of $531,000.00. Following the transaction, the director directly owned 77,315 shares of the company's stock, valued at approximately $4,105,426.50. This trade represents a 14.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by company insiders.

Baker Hughes Profile

Baker Hughes NASDAQ: BKR is an energy technology company that provides products and services to the oil and gas industry and other industrial markets. Its offerings include equipment and services used across the energy value chain, from exploration and production to transportation and processing. The company also develops turbomachinery, industrial equipment, digital technologies and solutions for energy and industrial applications. Its portfolio includes technologies designed to support more efficient operations and lower-emissions energy systems.

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