Nuveen LLC Buys New Stake in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Nuveen LLC acquired a new stake in Helix Energy Solutions Group by purchasing 887,847 shares valued at approximately $7.38 million, increasing its ownership to 0.59% of the company.
• Institutional investments in Helix Energy Solutions have surged, with 91.33% of the company's stock now owned by institutional investors, indicating strong market confidence.
• Despite recent investments, Helix Energy Solutions Group reported a quarterly loss of ($0.02) earnings per share, missing analyst expectations, which affects its overall financial outlook.

Nuveen LLC purchased a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 887,847 shares of the oil and gas company's stock, valued at approximately $7,378,000. Nuveen LLC owned approximately 0.59% of Helix Energy Solutions Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLX. Wells Fargo & Company MN increased its holdings in Helix Energy Solutions Group by 29.9% in the 4th quarter. Wells Fargo & Company MN now owns 83,982 shares of the oil and gas company's stock worth $783,000 after acquiring an additional 19,315 shares in the last quarter. Barclays PLC grew its holdings in shares of Helix Energy Solutions Group by 14.6% during the fourth quarter. Barclays PLC now owns 351,233 shares of the oil and gas company's stock worth $3,274,000 after buying an additional 44,751 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Helix Energy Solutions Group by 72.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 245,219 shares of the oil and gas company's stock worth $2,282,000 after buying an additional 103,197 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Helix Energy Solutions Group by 2.4% during the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after buying an additional 1,995 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Helix Energy Solutions Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,003 shares of the oil and gas company's stock worth $681,000 after buying an additional 10,563 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

HLX has been the subject of a number of research reports. Raymond James Financial reaffirmed an "outperform" rating and set a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Wall Street Zen cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Helix Energy Solutions Group Trading Up 1.9%

Shares of HLX stock traded up $0.13 on Thursday, hitting $6.57. The stock had a trading volume of 956,055 shares, compared to its average volume of 1,786,559. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market capitalization of $964.99 million, a P/E ratio of 20.52 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $12.33. The company's 50 day moving average price is $6.26 and its 200-day moving average price is $6.90.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.