Federation des caisses Desjardins du Quebec Has $2.18 Million Stake in Baker Hughes Company $BKR

Key Points

• The Federation des caisses Desjardins du Quebec has significantly reduced its stake in Baker Hughes Company (61.7% decrease), now holding 49,664 shares valued at approximately $2.18 million.
• Baker Hughes reported earnings of $0.63 per share for the last quarter, beating estimates, though revenue declined 3.2% year-over-year.
• The company announced a quarterly dividend of $0.23, reflecting a yield of 2.0% and a payout ratio of 30.07%.

Federation des caisses Desjardins du Quebec lessened its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 61.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,664 shares of the company's stock after selling 80,138 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Baker Hughes were worth $2,184,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes during the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes during the 1st quarter worth about $30,000. Golden State Wealth Management LLC boosted its stake in shares of Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after acquiring an additional 604 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after purchasing an additional 465 shares during the period. Institutional investors own 92.06% of the company's stock.

Insider Buying and Selling

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on BKR. Morgan Stanley raised their target price on Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Stifel Nicolaus lowered their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Evercore ISI raised their target price on Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Melius Research began coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price on the stock. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.29.

Baker Hughes Stock Performance

Shares of BKR stock traded down $0.19 during mid-day trading on Tuesday, reaching $45.45. The stock had a trading volume of 3,338,098 shares, compared to its average volume of 4,864,728. The firm's 50 day simple moving average is $42.98 and its 200 day simple moving average is $40.59. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a one year low of $32.25 and a one year high of $49.40. The firm has a market cap of $44.81 billion, a PE ratio of 14.85, a P/E/G ratio of 2.08 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The business had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $6.64 billion. During the same period in the prior year, the firm posted $0.57 EPS. Baker Hughes's quarterly revenue 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. On average, analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. Baker Hughes's dividend payout ratio is presently 30.07%.

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.