Baker Hughes Company $BKR Shares Purchased by Talon Private Wealth LLC

Key Points

• Talon Private Wealth LLC significantly increased its stake in Baker Hughes by 3,854.1%, acquiring a total of 54,883 shares valued at approximately $2.4 million.
• Wall Street analysts remain optimistic about Baker Hughes, with a consensus rating of "Moderate Buy" and an average price target of $52.29.
• Baker Hughes announced a quarterly dividend of $0.23 per share, reflecting a 2.0% dividend yield, and reported a net margin of 11.04% in its latest earnings call.

Talon Private Wealth LLC boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 3,854.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,883 shares of the company's stock after buying an additional 53,495 shares during the quarter. Talon Private Wealth LLC's holdings in Baker Hughes were worth $2,421,000 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 the stock. Teza Capital Management LLC acquired a new position in Baker Hughes during the first quarter worth about $1,136,000. NewEdge Advisors LLC grew its position in Baker Hughes by 5.5% during the first quarter. NewEdge Advisors LLC now owns 44,639 shares of the company's stock worth $1,962,000 after buying an additional 2,342 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Baker Hughes by 13.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 819,643 shares of the company's stock worth $36,023,000 after buying an additional 94,892 shares during the period. Alliancebernstein L.P. grew its position in Baker Hughes by 3.9% during the first quarter. Alliancebernstein L.P. now owns 10,068,044 shares of the company's stock worth $442,491,000 after buying an additional 376,654 shares during the period. Finally, AQR Capital Management LLC grew its position in Baker Hughes by 27.8% during the first quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company's stock worth $234,958,000 after buying an additional 1,185,456 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the company's 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 owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.27% of the company's stock.

Baker Hughes Trading Down 0.4%

Shares of BKR traded down $0.19 on Tuesday, hitting $45.45. 3,338,098 shares of the stock traded hands, compared to its average volume of 4,864,728. 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 market capitalization of $44.81 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.08 and a beta of 1.01. The stock's 50 day moving average is $42.98 and its two-hundred day moving average is $40.59. 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 announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Baker Hughes's dividend payout ratio is presently 30.07%.

Analyst Ratings Changes

BKR has been the topic of several recent analyst reports. Morgan Stanley upped their target price 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 reduced their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Evercore ISI upped their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Barclays upped their price target on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Baker Hughes currently has an average rating of "Moderate Buy" and a consensus price target of $52.29.

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.