Kestra Advisory Services LLC Has $2.83 Million Stock Position in Baker Hughes Company $BKR

Key Points

• Kestra Advisory Services LLC increased its stake in Baker Hughes Company by 68.1% in the first quarter, acquiring an additional 26,064 shares to own a total of 64,345 shares, valued at approximately $2.83 million.
• Baker Hughes recently reported earnings of **$0.63 per share**, surpassing analysts' expectations of $0.55, with a revenue of $6.91 billion for the quarter, indicating a **3.2% decline** year-over-year.
• The company declared a quarterly dividend of **$0.23 per share**, providing a **2.0% yield**, with a dividend payout ratio of **30.07%**.

Kestra Advisory Services LLC lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 68.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,345 shares of the company's stock after buying an additional 26,064 shares during the period. Kestra Advisory Services LLC's holdings in Baker Hughes were worth $2,828,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Baker Hughes during the 1st quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new position in Baker Hughes in the 1st quarter worth about $30,000. Golden State Wealth Management LLC increased its holdings in Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after purchasing an additional 604 shares in the last quarter. Grove Bank & Trust increased its holdings in Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after purchasing an additional 320 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI upped their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. The Goldman Sachs Group cut their target price on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Seaport Res Ptn downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 29th. Industrial Alliance Securities set a $53.00 target price on Baker Hughes in a report on Wednesday, July 30th. Finally, TD Cowen lifted their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Twenty analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.29.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction dated 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 in the company, valued at $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Baker Hughes Stock Down 0.8%

Shares of NASDAQ BKR traded down $0.36 during trading on Wednesday, hitting $45.00. 6,486,556 shares of the company traded hands, compared to its average volume of 4,477,091. The business's fifty day moving average is $42.38 and its 200 day moving average is $40.65. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The firm has a market capitalization of $44.36 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 2.07 and a beta of 1.01. 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 (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 net margin of 11.04% and a return on equity of 14.56%. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business's quarterly revenue 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. Equities research analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

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

Baker Hughes 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.