Geneos Wealth Management Inc. Sells 22,911 Shares of Baker Hughes Company $BKR

Key Points

• Geneos Wealth Management Inc. has reduced its holdings in Baker Hughes by 19.0%, selling 22,911 shares and now owning 97,369 shares valued at approximately $4.28 million.
• Baker Hughes recently reported $0.63 earnings per share, surpassing expectations, though its revenue declined 3.2% year-over-year.
• Analysts maintain a consensus "Moderate Buy" rating for Baker Hughes, with target prices ranging from $46.00 to $60.00.

Geneos Wealth Management Inc. lessened its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 19.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,369 shares of the company's stock after selling 22,911 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Baker Hughes were worth $4,279,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BKR. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC boosted its position 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 valued at $30,000 after acquiring an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes during the 1st quarter valued at about $30,000. Grove Bank & Trust boosted its position in shares of Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after acquiring an additional 320 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of 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 acquiring an additional 465 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

Shares of BKR stock opened at $46.92 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The stock has a 50 day moving average price of $43.12 and a two-hundred day moving average price of $40.63. The company has a market capitalization of $46.26 billion, a P/E ratio of 15.33, a PEG ratio of 2.07 and a beta of 1.01.

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 the consensus estimate of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business's revenue was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

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

Insiders Place Their Bets

In other Baker Hughes 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 completion of the sale, the chief executive officer owned 667,593 shares in the company, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKR. Seaport Res Ptn downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Susquehanna boosted their target price on Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Melius assumed coverage on Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price for the company. Stifel Nicolaus dropped 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. Finally, UBS Group restated a "neutral" rating and issued a $46.00 target price (up previously from $43.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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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