Talon Private Wealth LLC Grows Stake in Baker Hughes Company $BKR

Talon Private Wealth LLC raised its position in shares of Baker Hughes Company (NASDAQ:BKR) by 3,854.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,883 shares of the company’s stock after purchasing an additional 53,495 shares during the period. Talon Private Wealth LLC’s holdings in Baker Hughes were worth $2,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in BKR. Wayfinding Financial LLC purchased a new position in shares of Baker Hughes during the first quarter valued at $28,000. Golden State Wealth Management LLC lifted its stake in Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after acquiring an additional 604 shares during the period. N.E.W. Advisory Services LLC bought a new position in Baker Hughes during the 1st quarter worth about $30,000. Grove Bank & Trust grew its holdings in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock worth $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Spire Wealth Management increased its position in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company’s stock valued at $36,000 after purchasing an additional 465 shares during the period. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Stifel Nicolaus reduced their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Melius started coverage on Baker Hughes in a report on Wednesday, August 20th. They set a “buy” rating and a $60.00 target price for the company. Susquehanna upped their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Finally, Melius Research began coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective for the company. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and an average price target of $52.29.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 667,593 shares of the company’s stock, valued at $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR stock opened at $45.58 on Friday. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The firm has a market capitalization of $44.94 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.08 and a beta of 1.01. The stock’s 50-day simple moving average is $42.69 and its 200-day simple moving average is $40.60.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $6.91 billion during 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 firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 2.0%. 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.