Baker Hughes Company $BKR Shares Sold by Ascent Group LLC

Ascent Group LLC reduced its position in Baker Hughes Company (NASDAQ:BKR) by 17.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,359 shares of the company’s stock after selling 2,150 shares during the quarter. Ascent Group LLC’s holdings in Baker Hughes were worth $397,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BKR. Wayfinding Financial LLC acquired a new position in shares of Baker Hughes during the first quarter worth about $28,000. Golden State Wealth Management LLC grew its position in shares of Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after buying an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Baker Hughes during the first quarter worth about $30,000. Grove Bank & Trust grew its position in shares of 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 grew its position in shares of 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. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Trading Down 1.0%

NASDAQ:BKR opened at $48.58 on Wednesday. The firm has a market cap of $47.89 billion, a P/E ratio of 15.88, a PEG ratio of 2.23 and a beta of 0.99. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $45.80 and its 200-day simple moving average is $41.28. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.92.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued 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 1.9%. Baker Hughes’s payout ratio is presently 30.07%.

Insider Activity

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the transaction, the chief accounting officer owned 11,772 shares of the company’s stock, valued at $588,600. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive vice president directly owned 40,520 shares in the company, valued at $2,026,000. This trade represents a 38.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 553,068 shares of company stock valued at $24,712,651. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BKR. BMO Capital Markets reissued an “outperform” rating and set a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. UBS Group boosted their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays boosted their target price on Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Finally, Susquehanna boosted their target price on Baker Hughes from $52.00 to $56.00 and gave the stock a “positive” rating in a research note on Thursday, October 2nd. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.09.

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.