Baker Hughes (NASDAQ:BKR) CAO Rebecca Charlton Sells 1,000 Shares of Stock

Baker Hughes Company (NASDAQ:BKR) CAO Rebecca Charlton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer owned 11,772 shares of the company’s stock, valued at approximately $588,600. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Baker Hughes Stock Performance

Shares of BKR opened at $50.10 on Friday. The company has a market cap of $49.39 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.24. The stock has a 50-day moving average price of $44.91 and a 200-day moving average price of $40.97.

Baker Hughes (NASDAQ:BKR) last announced 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. The company had revenue of $6.91 billion for 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%.Baker Hughes’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

Institutional Trading of Baker Hughes

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Baker Hughes by 1.0% during the second quarter. Vanguard Group Inc. now owns 123,291,916 shares of the company’s stock worth $4,727,012,000 after purchasing an additional 1,173,700 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Baker Hughes by 1.6% during the second quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company’s stock worth $987,961,000 after purchasing an additional 397,984 shares in the last quarter. Norges Bank purchased a new stake in shares of Baker Hughes during the second quarter worth about $862,722,000. Artisan Partners Limited Partnership grew its position in shares of Baker Hughes by 1.0% during the second quarter. Artisan Partners Limited Partnership now owns 16,677,718 shares of the company’s stock worth $639,424,000 after purchasing an additional 167,095 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Baker Hughes by 18.9% during the second quarter. Invesco Ltd. now owns 12,834,534 shares of the company’s stock worth $492,076,000 after purchasing an additional 2,044,402 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BKR. Melius initiated coverage on Baker Hughes in a research note on Wednesday, August 20th. They issued a “buy” rating and a $60.00 target price on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. The Goldman Sachs Group lowered their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, July 2nd. TD Cowen increased their target price on Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Susquehanna upped their price target 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-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

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.