Baker Hughes Company $BKR Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP Paribas Asset Management Holding S.A. reduced its stake in Baker Hughes Company by 10.4%, holding approximately 1.85 million shares valued at $81.4 million.
• Analysts have raised their price targets for Baker Hughes, with Morgan Stanley increasing it from $45.00 to $55.00 and Barclays raising it from $48.00 to $53.00, reflecting positive sentiment towards the stock.
• Baker Hughes also announced a quarterly dividend of $0.23 per share, representing an annualized yield of 2.1% and a payout ratio of 30.07%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 10.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,852,944 shares of the company's stock after selling 214,563 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.19% of Baker Hughes worth $81,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Baker Hughes during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC lifted its holdings in Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after buying an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes during the 1st quarter valued at about $30,000. Grove Bank & Trust lifted its holdings in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after buying an additional 320 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after buying an additional 465 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BKR shares. Morgan Stanley lifted their price objective on shares of Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. BMO Capital Markets reissued an "outperform" rating and set a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Barclays raised their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Seaport Res Ptn downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, Melius assumed coverage on shares of Baker Hughes in a research report on Wednesday. They set a "buy" rating and a $60.00 target price on the stock. Twenty equities 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $52.29.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the transaction, the chief executive officer owned 667,593 shares of the company's stock, valued at $29,654,481.06. The trade was a 44.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by insiders.

Baker Hughes Stock Up 3.0%

Shares of Baker Hughes stock traded up $1.30 on Friday, reaching $44.76. The stock had a trading volume of 4,485,893 shares, compared to its average volume of 7,823,164. The company has a 50 day moving average price of $41.24 and a 200 day moving average price of $40.78. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 1 year low of $32.25 and a 1 year high of $49.40. The stock has a market capitalization of $44.13 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.95 and a beta of 0.94.

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 (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 firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. The company's quarterly revenue 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, equities research analysts forecast 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 $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. Baker Hughes's payout ratio is presently 30.07%.

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.