Dimensional Fund Advisors LP Purchases 175,495 Shares of Baker Hughes Company $BKR

Key Points

• Dimensional Fund Advisors LP increased its stake in Baker Hughes by 1.5% during Q1, owning approximately 11.7 million shares valued at $515 million as of its recent SEC filing.
• Analysts have issued positive ratings for Baker Hughes, with price targets raised by firms like Barclays and Morgan Stanley, indicating a consensus target price of $51.47 and a general sentiment of a "Moderate Buy".
• Baker Hughes reported earnings of $0.63 per share for the latest quarter, exceeding expectations, although revenue of $6.91 billion showed a decline of 3.2% from the previous year.

Dimensional Fund Advisors LP grew its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,727,973 shares of the company's stock after buying an additional 175,495 shares during the period. Dimensional Fund Advisors LP owned approximately 1.18% of Baker Hughes worth $515,367,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BKR. Wayfinding Financial LLC bought a new stake in Baker Hughes in the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after buying an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes during the first quarter worth about $30,000. Grove Bank & Trust grew its stake in Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after buying an additional 320 shares during the last quarter. Finally, Spire Wealth Management grew its stake in Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BKR shares. Melius Research started coverage on shares of Baker Hughes in a research note on Wednesday. They set a "buy" rating and a $60.00 price target on the stock. Stifel Nicolaus decreased their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Melius assumed coverage on shares of Baker Hughes in a report on Wednesday. They issued a "buy" rating and a $60.00 target price on the stock. Morgan Stanley raised their price objective 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. Finally, Evercore ISI raised their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.29.

Baker Hughes Price Performance

BKR stock traded up $0.1460 during trading on Wednesday, reaching $43.0960. 1,563,490 shares of the company were exchanged, compared to its average volume of 7,848,746. The company has a 50-day moving average of $41.07 and a two-hundred day moving average of $40.79. The company has a market capitalization of $42.49 billion, a price-to-earnings ratio of 14.08, a P/E/G 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 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 posted its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 analyst estimates of $6.64 billion. During the same period in the previous year, the firm posted $0.57 EPS. The company's revenue for the quarter 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 analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a yield of 2.1%. Baker Hughes's dividend payout ratio is presently 30.07%.

Insiders Place Their Bets

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction dated 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 owned 667,593 shares in the company, valued at $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company's stock.

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.