Groupama Asset Managment Purchases 374,978 Shares of Baker Hughes Company $BKR

Key Points

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Groupama Asset Managment increased its position in Baker Hughes Company (NASDAQ:BKR - Free Report) by 35.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,432,341 shares of the company's stock after acquiring an additional 374,978 shares during the period. Groupama Asset Managment owned about 0.14% of Baker Hughes worth $61,705,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Baker Hughes by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company's stock worth $5,367,096,000 after acquiring an additional 924,501 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Baker Hughes by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company's stock worth $515,367,000 after acquiring an additional 175,495 shares during the last quarter. Invesco Ltd. raised its holdings in Baker Hughes by 2.7% in the 1st quarter. Invesco Ltd. now owns 10,790,132 shares of the company's stock worth $474,226,000 after acquiring an additional 283,454 shares during the last quarter. Northern Trust Corp raised its holdings in Baker Hughes by 18.4% in the 4th quarter. Northern Trust Corp now owns 10,000,756 shares of the company's stock worth $410,231,000 after acquiring an additional 1,553,536 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Baker Hughes in the 1st quarter worth approximately $404,385,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BKR. Morgan Stanley boosted their price objective 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. Evercore ISI lifted their target price 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. Barclays lifted their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. 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 research report on Wednesday, July 30th. Finally, The Goldman Sachs Group cut their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Baker Hughes presently has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Baker Hughes Stock Performance

Shares of BKR stock traded up $1.30 during mid-day trading on Friday, reaching $44.76. 4,485,915 shares of the company's stock traded hands, compared to its average volume of 6,110,001. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The firm has a 50 day moving average price of $41.35 and a two-hundred day moving average price of $40.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The firm has a market capitalization of $44.13 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. 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 firm posted $0.57 EPS. The company's revenue for the quarter 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, research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. 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 2.1%. Baker Hughes's payout ratio is presently 30.07%.

Insiders Place Their Bets

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of the transaction, the chief executive officer owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This 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.

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.