Edmond DE Rothschild Holding S.A. Reduces Stake in Baker Hughes Company $BKR

Key Points

• Edmond DE Rothschild Holding S.A. significantly reduced its stake in Baker Hughes by 75.2%, now owning 62,018 shares valued at approximately $2.73 million after selling 188,239 shares in the first quarter.
• Other institutional investors showed varied activity, with Nuveen LLC purchasing a new stake worth $404 million, while Pacer Advisors Inc. increased its holdings by over 2,500% during the same period.
• Baker Hughes reported a quarterly earnings per share of $0.63, exceeding analysts' expectations, although revenue declined 3.2% year-over-year at $6.91 billion.

Edmond DE Rothschild Holding S.A. decreased its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 75.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 62,018 shares of the company's stock after selling 188,239 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Baker Hughes were worth $2,726,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BKR. Nuveen LLC purchased a new stake in Baker Hughes during the 1st quarter worth about $404,385,000. Pacer Advisors Inc. lifted its holdings in Baker Hughes by 2,585.6% during the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock worth $169,511,000 after purchasing an additional 3,713,301 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Baker Hughes during the 4th quarter worth about $128,542,000. 1832 Asset Management L.P. purchased a new stake in Baker Hughes during the 1st quarter worth about $70,685,000. Finally, AQR Capital Management LLC raised its holdings in shares of Baker Hughes by 27.8% in the 1st quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company's stock valued at $234,958,000 after acquiring an additional 1,185,456 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $46.32 on Friday. The stock has a market cap of $45.67 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.05 and a beta of 1.01. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The stock's 50-day moving average is $42.54 and its 200 day moving average is $40.65.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.Baker Hughes's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes's dividend payout ratio (DPR) is currently 30.07%.

Insider Buying and Selling at Baker Hughes

In related 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 transaction of $23,390,150.56. Following the transaction, 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 SEC, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BKR. Melius Research began coverage on Baker Hughes in a report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price objective for the company. Stifel Nicolaus cut their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Seaport Res Ptn lowered Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. BMO Capital Markets reissued an "outperform" rating and set a $53.00 price objective (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Finally, Evercore ISI boosted their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.29.

About Baker Hughes

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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