Rep. Tim Moore Buys Baker Hughes (NASDAQ:BKR) Shares

Representative Tim Moore (R-North Carolina) recently bought shares of Baker Hughes NASDAQ: BKR. In a filing disclosed on April 14th, the Representative disclosed that they had bought between $15,001 and $50,000 in Baker Hughes stock on March 4th. The trade occurred in the Representative's "TRADEWINDS" account.

Representative Tim Moore also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of American Airlines Group NASDAQ: AAL on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of Ford Motor NYSE: F on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/25/2025.
• Sold $100,001 - $250,000 in shares of American Airlines Group NASDAQ: AAL on 3/20/2025.
• Purchased $15,001 - $50,000 in shares of American Airlines Group NASDAQ: AAL on 3/14/2025.
• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/14/2025.
• Purchased $50,001 - $100,000 in shares of American Airlines Group NASDAQ: AAL on 3/13/2025.
• Purchased $50,001 - $100,000 in shares of American Airlines Group NASDAQ: AAL on 3/12/2025.
• Sold $50,001 - $100,000 in shares of Ford Motor NYSE: F on 3/10/2025.
• Sold $100,001 - $250,000 in shares of Harley-Davidson NYSE: HOG on 3/10/2025.

Baker Hughes Trading Up 2.3 %

NASDAQ BKR traded up $0.87 during trading hours on Tuesday, hitting $38.67. 4,002,164 shares of the company's stock were exchanged, compared to its average volume of 6,865,477. The firm has a market cap of $38.29 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 2.00 and a beta of 1.08. The stock has a 50-day simple moving average of $42.16 and a 200 day simple moving average of $42.13. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, equities analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.23 per share. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.

Wall Street Analyst Weigh In

BKR has been the subject of a number of research reports. Barclays reduced their price objective on Baker Hughes from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. raised their price objective on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Jefferies Financial Group upped their target price on Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a report on Friday, January 3rd. TD Cowen dropped their target price on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup lowered their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $50.65.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

Institutional Trading of Baker Hughes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JFS Wealth Advisors LLC boosted its stake in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Baker Hughes in the fourth quarter worth approximately $30,000. Larson Financial Group LLC grew its holdings in shares of Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares during the period. Grove Bank & Trust boosted its holdings in shares of Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after buying an additional 320 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Baker Hughes during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

About Representative Moore

Timothy K. Moore (Republican Party) is a member of the U.S. House, representing North Carolina's 14th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Moore (Republican Party) ran for election to the U.S. House to represent North Carolina's 14th Congressional District. He won in the general election on November 5, 2024. Moore served as speaker of the House from 2015 to 2025. Timothy Moore earned his B.A. from the University of North Carolina-Chapel Hill in 1992 and his J.D. from the Oklahoma City University School of Law in 1995. His professional experience includes working as an attorney.

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.