Baker Hughes Company $BKR Shares Bought by Point72 Europe London LLP

Key Points

• Point72 Europe London LLP significantly increased its stake in Baker Hughes Company by purchasing an additional 156,016 shares, raising its total holdings to 167,416 shares valued at approximately $7.36 million.
• Baker Hughes reported a quarterly earnings per share (EPS) of $0.63, exceeding analysts' estimates of $0.55, and has projected a full-year EPS of 2.59 for the current year.
• The company recently declared a quarterly dividend of $0.23 per share, yielding around 2.0%, with a payout ratio of 30.07%.

Point72 Europe London LLP lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 1,368.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,416 shares of the company's stock after purchasing an additional 156,016 shares during the quarter. Point72 Europe London LLP's holdings in Baker Hughes were worth $7,358,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Baker Hughes in the 1st quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Baker Hughes in the 1st quarter worth $30,000. Golden State Wealth Management LLC raised its position in shares of 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 buying an additional 604 shares during the period. Grove Bank & Trust raised its position in shares of 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 buying an additional 320 shares during the period. Finally, Spire Wealth Management raised its position in shares of 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 buying an additional 465 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. The Goldman Sachs Group cut their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Morgan Stanley raised their price objective on Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Industrial Alliance Securities set a $53.00 price objective on Baker Hughes in a research report on Wednesday, July 30th. UBS Group reissued a "neutral" rating and issued a $46.00 price objective (up from $43.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Finally, Barclays lifted their target price on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Baker Hughes has an average rating of "Moderate Buy" and a consensus price target of $52.29.

Baker Hughes Stock Performance

NASDAQ:BKR traded down $0.36 during trading hours on Wednesday, reaching $45.00. 6,486,556 shares of the stock were exchanged, compared to its average volume of 4,477,091. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $42.24 and a 200-day simple moving average of $40.62. Baker Hughes Company has a 52 week low of $32.25 and a 52 week high of $49.40. The stock has a market capitalization of $44.36 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.07 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. Baker Hughes'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. As a group, sell-side analysts forecast 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 given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Baker Hughes's payout ratio is currently 30.07%.

Insider Transactions at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

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.