Van Lanschot Kempen Investment Management N.V. Invests $6.15 Million in Baker Hughes Company $BKR

Key Points

• Van Lanschot Kempen Investment Management N.V. has invested approximately $6.15 million in Baker Hughes by acquiring 139,837 shares of the company.
• Baker Hughes reported a quarterly revenue of $6.91 billion, exceeding estimates, and earned $0.63 EPS, which beat analysts' expectations of $0.55 EPS.
• The company announced a quarterly dividend of $0.23 per share, resulting in an annualized dividend of $0.92 and a dividend yield of 2.1%.

Van Lanschot Kempen Investment Management N.V. acquired a new position in Baker Hughes Company (NASDAQ:BKR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 139,837 shares of the company's stock, valued at approximately $6,146,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Prosperity Consulting Group LLC raised its holdings in Baker Hughes by 2.7% in the 1st quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company's stock worth $463,000 after purchasing an additional 278 shares in the last quarter. Greenleaf Trust increased its stake in shares of Baker Hughes by 2.2% in the 1st quarter. Greenleaf Trust now owns 13,852 shares of the company's stock worth $609,000 after acquiring an additional 293 shares in the last quarter. Commerce Bank increased its stake in shares of Baker Hughes by 1.0% in the 4th quarter. Commerce Bank now owns 31,075 shares of the company's stock worth $1,275,000 after acquiring an additional 300 shares in the last quarter. TCTC Holdings LLC increased its stake in shares of Baker Hughes by 7.7% in the 1st quarter. TCTC Holdings LLC now owns 4,219 shares of the company's stock worth $185,000 after acquiring an additional 301 shares in the last quarter. Finally, Grove Bank & Trust increased 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 acquiring an additional 320 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BKR shares. BMO Capital Markets reiterated an "outperform" rating and issued a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Melius started coverage on shares of Baker Hughes in a research note on Wednesday. They issued a "buy" rating and a $60.00 price target on the stock. Melius Research began coverage on shares of Baker Hughes in a research note on Wednesday. They issued a "buy" rating and a $60.00 price target on the stock. 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 research report on Wednesday, July 30th. Finally, Susquehanna boosted their target price on Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research 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 company's stock. According to MarketBeat, Baker Hughes presently has an average rating of "Moderate Buy" and an average price target of $52.29.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded up $1.30 during trading on Friday, hitting $44.76. The company had a trading volume of 4,485,915 shares, compared to its average volume of 6,179,178. The stock has a 50 day simple moving average of $41.35 and a 200 day simple moving average of $40.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40. The firm has a market capitalization of $44.13 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94.

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

Baker Hughes Announces Dividend

The firm also recently disclosed 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 of this dividend 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 is 30.07%.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

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.