Belpointe Asset Management LLC Sells 7,361 Shares of Baker Hughes Company $BKR

Belpointe Asset Management LLC lessened its holdings in Baker Hughes Company (NASDAQ:BKR) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,705 shares of the company’s stock after selling 7,361 shares during the period. Belpointe Asset Management LLC’s holdings in Baker Hughes were worth $1,216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BKR. Nuveen LLC bought a new position in shares of Baker Hughes in the 1st quarter worth approximately $404,385,000. Pacer Advisors Inc. lifted its stake in shares of Baker Hughes by 2,585.6% in the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company’s stock worth $169,511,000 after purchasing an additional 3,713,301 shares during the period. 1832 Asset Management L.P. bought a new stake in Baker Hughes during the 1st quarter worth approximately $70,685,000. Strs Ohio bought a new stake in Baker Hughes during the 1st quarter worth approximately $60,490,000. Finally, AQR Capital Management LLC raised its stake in Baker Hughes by 27.8% during the 1st quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company’s stock worth $234,958,000 after acquiring an additional 1,185,456 shares during the period. Institutional investors own 92.06% of the company’s stock.

Insider Activity at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the firm’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 $50,000.00. Following the completion of the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at approximately $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lorenzo Simonelli sold 526,568 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the transaction, the chief executive officer directly owned 667,593 shares of the company’s stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 553,068 shares of company stock valued at $24,712,651. 0.27% of the stock is owned by corporate insiders.

Baker Hughes Trading Down 1.0%

Shares of BKR opened at $48.58 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92. The company has a 50 day simple moving average of $45.80 and a two-hundred day simple moving average of $41.28. The firm has a market cap of $47.89 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data 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. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend payout ratio (DPR) is 30.07%.

Analysts Set New Price Targets

A number of research firms have commented on BKR. BMO Capital Markets restated an “outperform” rating and set a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Melius began coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They set a “buy” rating and a $60.00 target price on the stock. Capital One Financial raised their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Susquehanna raised their target price on shares of 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.09.

Baker Hughes 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.