Mattson Financial Services LLC Acquires New Stake in Baker Hughes Company $BKR

Key Points

• Mattson Financial Services LLC has acquired 36,677 shares of Baker Hughes Company, valued at approximately $1.6 million, during the first quarter.
• Several hedge funds, including Vanguard Group and UBS, have significantly increased their stakes in Baker Hughes, with institutional investors owning 92.06% of the company's stock.
• Analysts have a consensus rating of Moderate Buy for Baker Hughes, with an average price target of $52.29.

Mattson Financial Services LLC acquired a new stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 36,677 shares of the company's stock, valued at approximately $1,612,000.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Baker Hughes by 0.8% during the first quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company's stock valued at $5,367,096,000 after acquiring an additional 924,501 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Baker Hughes by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company's stock valued at $515,367,000 after acquiring an additional 175,495 shares during the period. Invesco Ltd. increased its stake in shares of Baker Hughes by 2.7% during the first quarter. Invesco Ltd. now owns 10,790,132 shares of the company's stock valued at $474,226,000 after acquiring an additional 283,454 shares during the period. Alliancebernstein L.P. increased its stake in shares of Baker Hughes by 3.9% during the first quarter. Alliancebernstein L.P. now owns 10,068,044 shares of the company's stock valued at $442,491,000 after acquiring an additional 376,654 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Baker Hughes by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,262,413 shares of the company's stock valued at $407,083,000 after acquiring an additional 707,471 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BKR shares. Evercore ISI raised their price objective 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 stock an "overweight" rating in a research report on Tuesday, July 29th. Stifel Nicolaus decreased their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. The Goldman Sachs Group decreased their price target on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Finally, UBS Group restated a "neutral" rating and issued a $46.00 price target (up previously from $43.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.29.

Insiders Place Their Bets

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Baker Hughes Trading Up 3.2%

NASDAQ BKR opened at $46.92 on Thursday. Baker Hughes Company has a twelve month low of $32.25 and a twelve month 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 stock has a market cap of $46.26 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.07 and a beta of 1.01. The firm's 50 day moving average price is $43.12 and its two-hundred day moving average price is $40.63.

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 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 analysts' expectations of $6.64 billion. During the same period in the previous year, the company posted $0.57 EPS. The company'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 analysts anticipate that Baker Hughes Company will post 2.59 EPS 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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Baker Hughes's payout ratio is presently 30.07%.

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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