Brasada Capital Management LP Purchases Shares of 17,000 Baker Hughes Company $BKR

Key Points

• Brasada Capital Management LP acquired 17,000 shares of Baker Hughes Company, valued at approximately $747,000, during the 1st quarter.
• Institutional investors hold 92.06% of Baker Hughes's stock, indicating strong support from hedge funds and other investment firms.
• Baker Hughes reported a net margin of 11.04% and revenue of $6.91 billion for the last quarter, exceeding analyst estimates.

Brasada Capital Management LP acquired a new position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,000 shares of the company's stock, valued at approximately $747,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Baker Hughes by 0.8% during the first quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company's stock worth $5,367,096,000 after buying an additional 924,501 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Baker Hughes by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company's stock valued at $515,367,000 after purchasing an additional 175,495 shares during the period. Invesco Ltd. boosted its stake in shares of Baker Hughes by 2.7% during the 1st quarter. Invesco Ltd. now owns 10,790,132 shares of the company's stock worth $474,226,000 after acquiring an additional 283,454 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Baker Hughes during the 1st quarter worth approximately $404,385,000. Finally, Deutsche Bank AG boosted its stake in shares of Baker Hughes by 5.3% during the 1st quarter. Deutsche Bank AG now owns 8,181,944 shares of the company's stock worth $359,596,000 after acquiring an additional 411,396 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on BKR. Morgan Stanley lifted their price objective on Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. 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 report on Wednesday, July 16th. BMO Capital Markets restated an "outperform" rating and set a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a report on Wednesday, July 30th. Finally, Susquehanna increased their price target on Baker Hughes from $46.00 to $52.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Twenty 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.com, Baker Hughes has an average rating of "Moderate Buy" and an average price target of $52.29.

Baker Hughes Price Performance

BKR opened at $45.40 on Friday. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.08 and a beta of 0.94. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The company's 50-day moving average price is $41.94 and its 200 day moving average price is $40.67. 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 (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $0.57 earnings per share. Baker Hughes's 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, sell-side 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 declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a $0.23 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Baker Hughes Company 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.

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