RWA Wealth Partners LLC Decreases Stock Position in Baker Hughes Company $BKR

RWA Wealth Partners LLC lessened its position in Baker Hughes Company (NASDAQ:BKR) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,502 shares of the company’s stock after selling 1,869 shares during the quarter. RWA Wealth Partners LLC’s holdings in Baker Hughes were worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BKR. Wayfinding Financial LLC purchased a new position in shares of Baker Hughes in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC lifted its position 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 acquiring an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Baker Hughes during the first quarter worth approximately $30,000. Grove Bank & Trust lifted its position 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 buying an additional 320 shares in the last quarter. Finally, Spire Wealth Management lifted its position in Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes 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 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. The trade was a 44.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

BKR has been the topic of a number of analyst reports. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a research report on Wednesday, July 30th. Seaport Res Ptn downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Piper Sandler reduced their price objective on Baker Hughes from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price objective 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. Finally, Barclays lifted their price objective on Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Eighteen 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.47.

Baker Hughes Price Performance

BKR stock opened at $42.95 on Wednesday. The business has a fifty day moving average of $41.07 and a two-hundred day moving average of $40.79. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market cap of $42.34 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company 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 payout ratio is presently 30.07%.

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.