Baker Hughes Company $BKR Position Increased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Baker Hughes by 8.3%, acquiring an additional 707,471 shares, bringing its total to approximately 9.26 million shares worth $407 million.
• Baker Hughes reported a quarterly earnings per share (EPS) of $0.63, surpassing analysts' expectations of $0.55, despite a 3.2% decrease in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.23 per share, reflecting a 2.0% annual yield and a dividend payout ratio of 30.07%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,262,413 shares of the company's stock after acquiring an additional 707,471 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.93% of Baker Hughes worth $407,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prosperity Consulting Group LLC increased its stake in Baker Hughes by 2.7% during the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock worth $463,000 after acquiring an additional 278 shares during the last quarter. Greenleaf Trust increased its stake in Baker Hughes by 2.2% during the first quarter. Greenleaf Trust now owns 13,852 shares of the company's stock worth $609,000 after acquiring an additional 293 shares during the last quarter. TCTC Holdings LLC increased its stake in Baker Hughes by 7.7% during the first quarter. TCTC Holdings LLC now owns 4,219 shares of the company's stock worth $185,000 after acquiring an additional 301 shares during the last quarter. Grove Bank & Trust increased its stake 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 acquiring an additional 320 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in Baker Hughes by 1.0% during the first quarter. Ritholtz Wealth Management now owns 34,725 shares of the company's stock worth $1,526,000 after acquiring an additional 339 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on BKR. 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. Seaport Res Ptn lowered Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Morgan Stanley increased their target price on Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Evercore ISI increased their target price on Baker Hughes from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.29.

Baker Hughes Stock Down 1.0%

NASDAQ BKR traded down $0.48 during mid-day trading on Friday, reaching $46.49. 4,014,997 shares of the company's stock traded hands, compared to its average volume of 4,764,843. Baker Hughes Company has a 1-year low of $33.13 and a 1-year high of $49.40. The company has a fifty day simple moving average of $43.40 and a 200-day simple moving average of $40.66. 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 company has a market cap of $45.83 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.14 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. During the same quarter last year, the firm earned $0.57 EPS. Baker Hughes's quarterly revenue was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

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 was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Insider Activity at Baker Hughes

In other 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 value of $23,390,150.56. Following the completion of the transaction, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

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.