Ieq Capital LLC Buys 43,290 Shares of Baker Hughes Company $BKR

Key Points

• Ieq Capital LLC increased its stake in Baker Hughes Company by 35.3%, owning 165,881 shares valued at approximately $7.29 million as of its latest filing.
• CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes, marking a 44.10% decrease in his holding, valued at around $29.65 million post-sale.
• Analysts have set a consensus price target of $52.29 for Baker Hughes, with twenty buy ratings and three hold ratings reported.

Ieq Capital LLC lifted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,881 shares of the company's stock after buying an additional 43,290 shares during the period. Ieq Capital LLC's holdings in Baker Hughes were worth $7,290,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Baker Hughes during the 1st quarter valued at $35,037,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Baker Hughes by 9,816.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,619 shares of the company's stock valued at $423,000 after acquiring an additional 9,522 shares in the last quarter. Comerica Bank boosted its holdings in shares of Baker Hughes by 1.7% during the 1st quarter. Comerica Bank now owns 186,919 shares of the company's stock valued at $8,215,000 after acquiring an additional 3,063 shares in the last quarter. ICONIQ Capital LLC acquired a new stake in shares of Baker Hughes during the 1st quarter valued at $234,000. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Baker Hughes during the 1st quarter valued at $496,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Trading Down 0.1%

Shares of BKR stock traded down $0.03 during mid-day trading on Tuesday, hitting $45.38. The company's stock had a trading volume of 3,131,221 shares, compared to its average volume of 7,696,140. The company's fifty day simple moving average is $42.09 and its 200-day simple moving average is $40.59. Baker Hughes Company has a 52 week low of $32.25 and a 52 week high of $49.40. 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 company has a market cap of $44.73 billion, a PE ratio of 14.84, a P/E/G ratio of 2.07 and a beta of 1.01.

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, topping 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 analyst estimates of $6.64 billion. During the same period last year, the company posted $0.57 EPS. The business's quarterly 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. As a group, equities research analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on BKR. The Goldman Sachs Group cut their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Industrial Alliance Securities set a $53.00 target price on Baker Hughes in a research report on Wednesday, July 30th. Barclays raised their target price on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. TD Cowen raised their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Melius Research started coverage on Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 target price for the company. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.29.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction dated 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 directly 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 filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

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.