First Hawaiian Bank Acquires 26,404 Shares of Baker Hughes Company $BKR

Key Points

• First Hawaiian Bank increased its holdings in Baker Hughes Company by 28% during the first quarter, acquiring an additional 26,404 shares for a total of 120,567 shares valued at approximately $5.3 million.
• Baker Hughes reported earnings of $0.63 per share for the last quarter, surpassing analyst expectations, with a revenue of $6.91 billion, though down 3.2% year-over-year.
• The company announced a quarterly dividend of $0.23 per share, reflecting an annualized payout of $0.92 and a dividend yield of 2.0%.

First Hawaiian Bank grew its position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,567 shares of the company's stock after purchasing an additional 26,404 shares during the period. First Hawaiian Bank's holdings in Baker Hughes were worth $5,299,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Birmingham Capital Management Co. Inc. AL lifted its stake in Baker Hughes by 9.4% during the first quarter. Birmingham Capital Management Co. Inc. AL now owns 17,500 shares of the company's stock worth $769,000 after purchasing an additional 1,500 shares during the last quarter. Strs Ohio bought a new stake in Baker Hughes during the first quarter worth about $60,490,000. Mattson Financial Services LLC purchased a new position in shares of Baker Hughes in the first quarter worth about $1,612,000. Westbourne Investments Inc. purchased a new position in shares of Baker Hughes in the first quarter worth about $1,147,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Baker Hughes by 10.4% in the first quarter. Acadian Asset Management LLC now owns 85,473 shares of the company's stock worth $3,755,000 after buying an additional 8,060 shares during the period. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Down 1.0%

Baker Hughes stock traded down $0.48 during trading hours on Friday, hitting $46.49. 4,014,997 shares of the stock traded hands, compared to its average volume of 4,637,218. The firm's 50-day moving average price is $43.40 and its two-hundred day moving average price is $40.62. 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 $45.83 billion, a PE ratio of 15.19, a PEG ratio of 2.12 and a beta of 1.01. Baker Hughes Company has a one year low of $33.13 and a one year 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 business 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%.The business's revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

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

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at $29,654,481.06. The trade was a 44.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on BKR shares. Melius started coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price objective on the stock. Seaport Res Ptn downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. BMO Capital Markets reiterated an "outperform" rating and issued a $53.00 price objective (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Morgan Stanley lifted their price objective on Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Stifel Nicolaus decreased their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.29.

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.