Transamerica Financial Advisors LLC Has $4.85 Million Stake in Baker Hughes Company $BKR

Key Points

• Transamerica Financial Advisors LLC increased its stake in Baker Hughes Company (NASDAQ:BKR) by 9.6% to a total of 110,282 shares, valued at approximately $4.85 million.
• Several hedge funds have recently adjusted their positions in Baker Hughes, contributing to institutional investors owning 92.06% of the company's stock.
• Baker Hughes has received positive ratings from analysts, with a consensus target price of $52.29, while the stock recently reported a quarterly earnings beat with an EPS of $0.63.

Transamerica Financial Advisors LLC increased its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,282 shares of the company's stock after purchasing an additional 9,640 shares during the period. Transamerica Financial Advisors LLC's holdings in Baker Hughes were worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKR. Wayfinding Financial LLC bought a new position in shares of Baker Hughes during the first quarter worth about $28,000. Golden State Wealth Management LLC raised its holdings in shares of Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes in the first quarter worth $30,000. Grove Bank & Trust boosted its holdings in Baker Hughes by 76.2% during the first 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 position in Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Ratings Changes

BKR has been the subject of a number of recent research reports. Evercore ISI increased their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Barclays upped their target price on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Susquehanna increased their price target on Baker Hughes from $46.00 to $52.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Morgan Stanley boosted their price target on Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Melius initiated coverage on Baker Hughes in a research note on Wednesday, August 20th. They set a "buy" rating and a $60.00 price objective on the stock. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.29.

Insider Buying and Selling at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company's stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $44.45 on Wednesday. The stock has a 50 day moving average of $41.56 and a 200-day moving average of $40.67. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The company has a market capitalization of $43.82 billion, a P/E ratio of 14.53, a P/E/G ratio of 2.03 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 (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. The firm 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% on a year-over-year basis. 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. As a group, equities research analysts predict that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio is presently 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.

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