Brandywine Global Investment Management LLC Acquires 11,252 Shares of Baker Hughes Company $BKR

Key Points

• Brandywine Global Investment Management LLC increased its holdings in Baker Hughes Company by 1.9%, acquiring a total of 599,041 shares worth approximately $26.3 million at the end of the first quarter.
• CEO Lorenzo Simonelli sold over 526,000 shares of Baker Hughes, which represents a 44.1% decrease in his holdings.
• Baker Hughes reported a Q2 EPS of $0.63, exceeding analysts' estimates, with revenue of $6.91 billion, despite a year-over-year decline of 3.2% in revenue.

Brandywine Global Investment Management LLC increased its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 599,041 shares of the company's stock after purchasing an additional 11,252 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of Baker Hughes worth $26,328,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Baker Hughes by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company's stock worth $5,367,096,000 after purchasing an additional 924,501 shares during the period. Capital Research Global Investors raised its holdings in Baker Hughes by 0.6% in the 4th quarter. Capital Research Global Investors now owns 27,687,590 shares of the company's stock worth $1,135,744,000 after purchasing an additional 177,232 shares during the period. Dimensional Fund Advisors LP raised its holdings in Baker Hughes by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company's stock worth $515,367,000 after purchasing an additional 175,495 shares during the period. Invesco Ltd. raised its holdings in Baker Hughes by 2.7% in the 1st quarter. Invesco Ltd. now owns 10,790,132 shares of the company's stock worth $474,226,000 after purchasing an additional 283,454 shares during the period. Finally, Northern Trust Corp raised its holdings in Baker Hughes by 18.4% in the 4th quarter. Northern Trust Corp now owns 10,000,756 shares of the company's stock worth $410,231,000 after purchasing an additional 1,553,536 shares during the period. 92.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BKR. UBS Group reiterated 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. Industrial Alliance Securities set a $53.00 price target on Baker Hughes in a research note on Wednesday, July 30th. Stifel Nicolaus cut their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. TD Cowen increased their price target on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.29.

Baker Hughes Price Performance

Shares of Baker Hughes stock traded up $0.1640 during trading on Wednesday, reaching $43.1140. 1,563,490 shares of the stock traded hands, compared to its average volume of 7,848,746. The company has a market capitalization of $42.51 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.95 and a beta of 0.94. The business has a fifty day simple moving average of $41.07 and a two-hundred day simple moving average of $40.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Insider Buying and Selling at Baker Hughes

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 transaction of $23,390,150.56. Following the completion of the transaction, the chief executive officer owned 667,593 shares in the company, valued at $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 is available at the SEC website. 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.