Intech Investment Management LLC Purchases 33,219 Shares of Baker Hughes Company $BKR

Key Points

• Intech Investment Management LLC increased its holdings in Baker Hughes Company by 56.8%, acquiring an additional 33,219 shares to bring its total ownership to 91,712 shares valued at approximately $4.03 million.
• The company reported earnings of $0.63 per share for the latest quarter, surpassing the consensus estimate by $0.08, while generating a total revenue of $6.91 billion.
• Baker Hughes announced a quarterly dividend of $0.23 per share with a 2.0% yield, highlighting a dividend payout ratio of 30.07%.

Intech Investment Management LLC boosted its position in Baker Hughes Company (NASDAQ:BKR - Free Report) by 56.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,712 shares of the company's stock after purchasing an additional 33,219 shares during the period. Intech Investment Management LLC's holdings in Baker Hughes were worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BKR. Nuveen LLC bought a new stake in Baker Hughes in the first quarter worth about $404,385,000. Pacer Advisors Inc. lifted its stake in Baker Hughes by 2,585.6% in the first quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock worth $169,511,000 after purchasing an additional 3,713,301 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Baker Hughes in the fourth quarter worth about $128,542,000. 1832 Asset Management L.P. bought a new stake in Baker Hughes in the first quarter worth about $70,685,000. Finally, AQR Capital Management LLC lifted its stake in Baker Hughes by 27.8% in the first quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company's stock worth $234,958,000 after purchasing an additional 1,185,456 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 $46.49 on Friday. The firm has a market cap of $45.83 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 2.14 and a beta of 1.01. The company's 50 day moving average is $43.40 and its 200 day moving average is $40.66. 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 52-week low of $33.13 and a 52-week high of $49.40.

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 the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion for 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%. Baker Hughes's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued 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 dividend payout ratio (DPR) is presently 30.07%.

Insider Transactions at Baker Hughes

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 value of $23,390,150.56. Following the transaction, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna lifted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Barclays lifted their price target on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Evercore ISI lifted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley lifted their price target 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, UBS Group reaffirmed a "neutral" rating and set a $46.00 price target (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. 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, the company 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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