Credit Agricole S A Raises Position in Baker Hughes Company $BKR

Key Points

• Credit Agricole S A increased its stake in Baker Hughes Company by 21.1%, owning 548,194 shares valued at approximately $24.09 million as of the last reporting period.
• Baker Hughes reported $0.63 earnings per share for the latest quarter, surpassing expectations of $0.55, with quarterly revenue of $6.91 billion.
• The company declared a quarterly dividend of $0.23 per share, resulting in an annualized dividend yield of 2.1% and a payout ratio of 30.07%.

Credit Agricole S A increased its holdings in Baker Hughes Company (NASDAQ:BKR - Free Report) by 21.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,194 shares of the company's stock after acquiring an additional 95,395 shares during the period. Credit Agricole S A owned about 0.06% of Baker Hughes worth $24,093,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Prosperity Consulting Group LLC lifted its position in shares of Baker Hughes by 2.7% during the 1st quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock valued at $463,000 after buying an additional 278 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Baker Hughes by 2.2% during the 1st quarter. Greenleaf Trust now owns 13,852 shares of the company's stock valued at $609,000 after buying an additional 293 shares in the last quarter. Commerce Bank boosted its holdings in Baker Hughes by 1.0% in the 4th quarter. Commerce Bank now owns 31,075 shares of the company's stock worth $1,275,000 after buying an additional 300 shares during the period. TCTC Holdings LLC boosted its holdings in Baker Hughes by 7.7% in the 1st quarter. TCTC Holdings LLC now owns 4,219 shares of the company's stock worth $185,000 after buying an additional 301 shares during the period. Finally, Grove Bank & Trust grew its stake in Baker Hughes by 76.2% in 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. Institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of Baker Hughes stock traded up $1.30 on Friday, hitting $44.76. 4,485,915 shares of the company traded hands, compared to its average volume of 6,179,178. The firm's 50-day simple moving average is $41.35 and its 200 day simple moving average is $40.70. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The company has a market cap of $44.13 billion, a P/E ratio of 14.63, a P/E/G ratio of 2.04 and a beta of 0.94. Baker Hughes Company has a 12-month low of $32.25 and a 12-month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. The firm had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect 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. 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 annualized dividend and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio (DPR) is 30.07%.

Wall Street Analyst Weigh In

BKR has been the subject of a number of recent research reports. Melius Research initiated coverage on shares of Baker Hughes in a research note on Wednesday. They issued a "buy" rating and a $60.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of 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 lifted their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reduced their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Finally, Morgan Stanley raised their price target 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. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $52.29.

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 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 owned 667,593 shares in the company, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.