Ilmarinen Mutual Pension Insurance Co Acquires 13,500 Shares of Baker Hughes Company $BKR

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its holdings in Baker Hughes by 9.7%, acquiring an additional 13,500 shares, bringing its total to 152,500 shares valued at approximately $6.7 million.
• Wall Street analysts are optimistic about Baker Hughes, with a consensus rating of "Moderate Buy" and a target price averaging $52.29, reflecting multiple upgrades from various firms.
• Baker Hughes recently announced a quarterly dividend of $0.23 per share, indicating a yield of 2.0%, with a payout ratio of 30.07%.

Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,500 shares of the company's stock after buying an additional 13,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Baker Hughes were worth $6,702,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Baker Hughes by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company's stock valued at $5,367,096,000 after buying an additional 924,501 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 175,495 shares in the last quarter. Invesco Ltd. boosted its stake 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 purchasing an additional 283,454 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Baker Hughes by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 10,068,044 shares of the company's stock worth $442,491,000 after purchasing an additional 376,654 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Baker Hughes by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,262,413 shares of the company's stock worth $407,083,000 after purchasing an additional 707,471 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BKR shares. UBS Group reiterated a "neutral" rating and issued a $46.00 price target (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. BMO Capital Markets restated an "outperform" rating and set a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Morgan Stanley upped their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Stifel Nicolaus lowered their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Twenty equities research 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, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.29.

Insider Buying and Selling

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by insiders.

Baker Hughes Trading Down 0.4%

Baker Hughes stock opened at $45.45 on Wednesday. The firm has a 50 day moving average of $42.98 and a 200 day moving average of $40.59. The firm has a market capitalization of $44.81 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 2.08 and a beta of 1.01. Baker Hughes Company has a 12-month low of $32.25 and a 12-month high of $49.40. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company's revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that Baker Hughes Company will post 2.59 earnings per share 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 paid 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%.

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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