Baker Hughes Company $BKR Stock Position Lowered by Stoneridge Investment Partners LLC

Key Points

• Stoneridge Investment Partners LLC significantly reduced its holdings in Baker Hughes Company by 68.8%, now owning 18,525 shares valued at $814,000.
• Baker Hughes reported a net margin of 11.04% and a revenue of $6.91 billion for the last quarter, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.23, representing an annualized yield of 2.1%, with a payout ratio of 30.07%.

Stoneridge Investment Partners LLC trimmed its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 68.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,525 shares of the company's stock after selling 40,797 shares during the quarter. Stoneridge Investment Partners LLC's holdings in Baker Hughes were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Baker Hughes by 0.8% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in Baker Hughes by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company's stock worth $515,367,000 after purchasing an additional 175,495 shares during the last quarter. Invesco Ltd. lifted its stake in Baker Hughes by 2.7% during the first quarter. Invesco Ltd. now owns 10,790,132 shares of the company's stock worth $474,226,000 after purchasing an additional 283,454 shares during the last quarter. Northern Trust Corp lifted its stake in Baker Hughes by 18.4% during the fourth quarter. Northern Trust Corp now owns 10,000,756 shares of the company's stock worth $410,231,000 after purchasing an additional 1,553,536 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Baker Hughes during the first quarter worth approximately $404,385,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Trading Up 3.0%

Shares of Baker Hughes stock traded up $1.30 during trading hours on Friday, reaching $44.76. The stock had a trading volume of 4,485,915 shares, compared to its average volume of 6,179,178. The firm has a 50 day simple moving average of $41.35 and a two-hundred day simple moving average of $40.76. The firm has a market capitalization of $44.13 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.98 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 1 year low of $32.25 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a $0.23 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio (DPR) is 30.07%.

Insider Activity at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the sale, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

BKR has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Susquehanna upped their price target on Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. The Goldman Sachs Group dropped their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. UBS Group reissued a "neutral" rating and issued a $46.00 target price (up previously from $43.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Finally, Evercore ISI upped their price objective on Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $52.29.

Baker Hughes Company 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.