FORA Capital LLC Has $912,000 Stock Position in Baker Hughes Company $BKR

Key Points

• FORA Capital LLC reduced its stake in Baker Hughes Company by 84.2% during the first quarter, now holding 20,759 shares valued at approximately $912,000.
• Baker Hughes reported $0.63 earnings per share for the last quarter, exceeding forecasts, despite a 3.2% decline in revenue compared to the prior year.
• The company's recent quarterly dividend was set at $0.23 per share, reflecting a 2.1% yield and a dividend payout ratio of 30.07%.

FORA Capital LLC lowered its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 84.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,759 shares of the company's stock after selling 110,304 shares during the period. FORA Capital LLC's holdings in Baker Hughes were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKR. Wayfinding Financial LLC acquired a new stake in shares of Baker Hughes in the 1st quarter worth about $28,000. Golden State Wealth Management LLC raised its holdings in shares of Baker Hughes by 678.7% in 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 during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Baker Hughes in the 1st quarter worth about $30,000. Grove Bank & Trust raised its holdings in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after acquiring an additional 465 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Trading Up 0.7%

Shares of BKR stock opened at $44.78 on Thursday. The company has a 50 day moving average of $41.68 and a 200-day moving average of $40.70. 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 12-month low of $32.25 and a 12-month high of $49.40. The firm has a market cap of $44.15 billion, a P/E ratio of 14.63, a PEG ratio of 2.03 and a beta of 0.94.

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

Baker Hughes Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 owned 667,593 shares in the company, valued at $29,654,481.06. This trade represents a 44.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BKR has been the topic of a number of analyst reports. Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Morgan Stanley upped their target price 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. BMO Capital Markets reaffirmed an "outperform" rating and issued a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Evercore ISI upped their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Melius Research started coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price objective for the company. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.29.

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.

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