Baker Hughes Company $BKR Stock Position Lifted by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. increased its stake in Baker Hughes Company by 89.3% during the 1st quarter, now holding 58,117 shares valued at approximately $2.55 million.
• CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes for over $23 million, resulting in a 44.10% decrease in their position.
• Baker Hughes recently announced a quarterly dividend of $0.23 per share, representing a 2.1% yield for shareholders of record on August 5th.

Cookson Peirce & Co. Inc. lifted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 89.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,117 shares of the company's stock after buying an additional 27,414 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Baker Hughes were worth $2,554,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BKR. Vestmark Advisory Solutions Inc. boosted its position in shares of Baker Hughes by 111.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 128,822 shares of the company's stock worth $5,662,000 after purchasing an additional 67,856 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Baker Hughes by 28.0% in the 1st quarter. Neuberger Berman Group LLC now owns 4,247,609 shares of the company's stock valued at $186,778,000 after buying an additional 928,191 shares during the last quarter. E Fund Management Co. Ltd. grew its position in shares of Baker Hughes by 93.5% during the 1st quarter. E Fund Management Co. Ltd. now owns 27,892 shares of the company's stock valued at $1,226,000 after acquiring an additional 13,481 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Baker Hughes by 3.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,159 shares of the company's stock worth $1,457,000 after buying an additional 1,164 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Baker Hughes by 6.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 319,631 shares of the company's stock worth $14,005,000 after buying an additional 19,996 shares during the period. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

Shares of BKR stock traded down $0.0850 during trading hours on Tuesday, hitting $42.7850. The stock had a trading volume of 1,089,132 shares, compared to its average volume of 7,871,710. The firm has a market capitalization of $42.18 billion, a PE ratio of 13.98, a PEG ratio of 1.95 and a beta of 0.94. Baker Hughes Company has a twelve month low of $32.25 and a twelve month high of $49.40. The stock's 50 day moving average is $40.99 and its 200 day moving average is $40.78. 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 (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's dividend payout ratio (DPR) is currently 30.07%.

Insider Buying and Selling

In other Baker Hughes 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 value of $23,390,150.56. Following the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKR. Stifel Nicolaus lowered their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Jefferies Financial Group set a $58.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. 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. Barclays lifted their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Morgan Stanley lifted their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Eighteen investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of $51.47.

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.