Voya Investment Management LLC Has $55.51 Million Stock Position in Baker Hughes Company $BKR

Key Points

• Voya Investment Management LLC reduced its stake in Baker Hughes by 4.4%, now holding approximately $55.51 million in shares, as reported in the latest 13F filing.
• Baker Hughes reported $0.63 earnings per share for the last quarter, exceeding analysts' expectations and generating revenues of $6.91 billion, though revenue was down 3.2% from the previous year.
• The company announced a quarterly dividend of $0.23 per share, representing an annualized total of $0.92 and a yield of 2.0%.

Voya Investment Management LLC reduced its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,262,933 shares of the company's stock after selling 58,004 shares during the period. Voya Investment Management LLC owned approximately 0.13% of Baker Hughes worth $55,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $30,000. 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 valued at $30,000 after purchasing an additional 604 shares during the period. 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 valued at $33,000 after purchasing an additional 320 shares during the period. Finally, Spire Wealth Management grew its position in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after acquiring an additional 465 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Stock Down 1.0%

NASDAQ:BKR opened at $46.49 on Friday. The stock's fifty day moving average price is $43.40 and its two-hundred day moving average price is $40.64. Baker Hughes Company has a 52-week low of $33.13 and a 52-week high of $49.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. 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 posted its quarterly earnings results 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. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently declared 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 2.0%. Baker Hughes's dividend payout ratio is 30.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BKR shares. Barclays increased their price target on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Melius Research started coverage on Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price target on the stock. Industrial Alliance Securities set a $53.00 price target on Baker Hughes in a research report on Wednesday, July 30th. Jefferies Financial Group set a $58.00 price target on Baker Hughes in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group decreased their price target on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Baker Hughes has a consensus rating of "Moderate Buy" and an average price target of $52.29.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

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.

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