Baker Hughes Company $BKR Shares Purchased by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Baker Hughes Company by 111.3% during the first quarter, holding 128,822 shares valued at $5,662,000.
• Baker Hughes reported earnings per share of $0.63 for the last quarter, exceeding analysts' expectations of $0.55, while revenue was down 3.2% year-over-year.
• The company's quarterly dividend of $0.23 will be paid on August 15th, with an annualized yield of 2.1% and a payout ratio of 30.07%.

Vestmark Advisory Solutions Inc. lifted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 111.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128,822 shares of the company's stock after acquiring an additional 67,856 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Baker Hughes were worth $5,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of BKR. Nuveen LLC purchased a new stake in Baker Hughes in the 1st quarter valued at about $404,385,000. Pacer Advisors Inc. raised its holdings in Baker Hughes by 2,585.6% in the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock valued at $169,511,000 after buying an additional 3,713,301 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Baker Hughes in the 4th quarter valued at about $128,542,000. 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 valued at $410,231,000 after buying an additional 1,553,536 shares during the period. Finally, J. Safra Sarasin Holding AG raised its holdings in Baker Hughes by 1,170.8% in the 4th quarter. J. Safra Sarasin Holding AG now owns 1,290,044 shares of the company's stock valued at $52,918,000 after buying an additional 1,188,529 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Trading Down 0.2%

NASDAQ:BKR traded down $0.0870 on Wednesday, reaching $42.8630. 733,324 shares of the company's stock were exchanged, compared to its average volume of 7,843,514. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $42.26 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94. The business has a fifty day moving average of $41.07 and a 200-day moving average of $40.79. 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 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. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The business'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. As a group, analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend yield of 2.1%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's dividend payout ratio is presently 30.07%.

Wall Street Analysts Forecast Growth

BKR has been the topic of several research analyst reports. TD Cowen boosted their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, July 24th. BMO Capital Markets restated an "outperform" rating and issued a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Industrial Alliance Securities set a $53.00 price objective on shares of Baker Hughes in a report on Wednesday, July 30th. Jefferies Financial Group set a $58.00 target price on Baker Hughes in a research report on Wednesday, July 30th. Finally, Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Twenty 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, Baker Hughes currently has an average rating of "Moderate Buy" and an average target price of $52.29.

Insider Buying and Selling at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

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.