Baker Hughes Company $BKR Stock Holdings Raised by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Baker Hughes Company by 5.1% during the first quarter, holding 353,527 shares worth $15.54 million.
• Equities analysts have positive outlooks for Baker Hughes, with several firms raising their price targets, including Morgan Stanley to $55 and Melius Research to $60, with a consensus rating of "Moderate Buy".
• Baker Hughes reported earnings of $0.63 per share for the last quarter, exceeding expectations and generating $6.91 billion in revenue, although this was a decrease of 3.2% from the previous year.

CW Advisors LLC lifted its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 353,527 shares of the company's stock after buying an additional 17,016 shares during the period. CW Advisors LLC's holdings in Baker Hughes were worth $15,538,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BKR. Kaufman Rossin Wealth LLC bought a new stake in shares of Baker Hughes in the first quarter worth about $231,000. Candriam S.C.A. grew its stake in shares of Baker Hughes by 1.6% in the first quarter. Candriam S.C.A. now owns 95,025 shares of the company's stock worth $4,176,000 after purchasing an additional 1,529 shares during the last quarter. Erste Asset Management GmbH grew its stake in shares of Baker Hughes by 14.5% in the first quarter. Erste Asset Management GmbH now owns 32,850 shares of the company's stock worth $1,415,000 after purchasing an additional 4,150 shares during the last quarter. Credit Agricole S A grew its stake in shares of Baker Hughes by 21.1% in the first quarter. Credit Agricole S A now owns 548,194 shares of the company's stock worth $24,093,000 after purchasing an additional 95,395 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Baker Hughes by 63.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 504,649 shares of the company's stock valued at $22,206,000 after acquiring an additional 195,430 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

NASDAQ BKR traded up $0.40 during trading hours on Wednesday, hitting $44.85. The company had a trading volume of 906,686 shares, compared to its average volume of 7,747,179. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The company has a market cap of $44.22 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The business has a 50 day moving average of $41.56 and a 200-day moving average of $40.67.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its 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 business had revenue of $6.91 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 of this dividend was Tuesday, August 5th. Baker Hughes's dividend payout ratio (DPR) is 30.07%.

Analysts Set New Price Targets

BKR has been the subject of a number of recent analyst reports. Melius began coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price objective for the company. Evercore ISI upped their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Melius Research started coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 target price on the stock. Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, BMO Capital Markets restated an "outperform" rating and set a $53.00 target price (up from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.29.

Insider Buying and Selling

In other Baker Hughes 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 completion of the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.