25,854 Shares in Baker Hughes Company $BKR Bought by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has acquired a new stake in Baker Hughes Company, purchasing 25,854 shares valued at approximately $1,136,000 during the 1st quarter.
• Insider trading was reported as CEO Lorenzo Simonelli sold 526,568 shares, totaling over $23.3 million, reducing his ownership by 44.1%.
• Analyst ratings are generally positive, with 20 investment analysts rating Baker Hughes as a Buy and setting a consensus target price of $52.29.

Teza Capital Management LLC acquired a new stake in Baker Hughes Company (NASDAQ:BKR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,854 shares of the company's stock, valued at approximately $1,136,000.

Several other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes during the 1st quarter worth about $28,000. Golden State Wealth Management LLC grew its stake 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 purchasing an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Baker Hughes in the 1st quarter worth approximately $30,000. Grove Bank & Trust grew its stake 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 purchasing an additional 320 shares during the last quarter. Finally, Spire Wealth Management grew its stake 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 purchasing an additional 465 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BKR shares. Evercore ISI lifted their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Melius started coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price on the stock. Jefferies Financial Group set a $58.00 target price on shares of Baker Hughes in a research report on Wednesday, July 30th. Seaport Res Ptn downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $53.00 target price (up from $46.00) on shares of Baker Hughes 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Baker Hughes Stock Down 0.4%

NASDAQ BKR traded down $0.19 during trading on Tuesday, reaching $45.45. The company's stock had a trading volume of 3,338,098 shares, compared to its average volume of 4,864,728. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $44.81 billion, a PE ratio of 14.85, a PEG ratio of 2.08 and a beta of 1.01. The business has a 50-day moving average price of $42.98 and a 200-day moving average price of $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 posted its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 2.0%. Baker Hughes's payout ratio is 30.07%.

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.