Ilmarinen Mutual Pension Insurance Co Purchases 13,500 Shares of Baker Hughes Company $BKR

Ilmarinen Mutual Pension Insurance Co boosted its position in Baker Hughes Company (NASDAQ:BKR) by 9.7% in the first quarter, HoldingsChannel.com reports. The firm owned 152,500 shares of the company’s stock after acquiring an additional 13,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Baker Hughes were worth $6,702,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Prosperity Consulting Group LLC increased its stake in Baker Hughes by 2.7% during the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company’s stock worth $463,000 after purchasing an additional 278 shares during the period. Greenleaf Trust grew its position in shares of Baker Hughes by 2.2% during the first quarter. Greenleaf Trust now owns 13,852 shares of the company’s stock worth $609,000 after buying an additional 293 shares in the last quarter. TCTC Holdings LLC grew its position in shares of Baker Hughes by 7.7% during the first quarter. TCTC Holdings LLC now owns 4,219 shares of the company’s stock worth $185,000 after buying an additional 301 shares in the last quarter. 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, Ritholtz Wealth Management grew its stake in shares of Baker Hughes by 1.0% during the first quarter. Ritholtz Wealth Management now owns 34,725 shares of the company’s stock worth $1,526,000 after purchasing an additional 339 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the company’s 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 completion of the transaction, the chief executive officer 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. 0.27% of the stock is currently owned by corporate insiders.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $45.45 on Wednesday. The firm’s fifty day moving average price is $42.98 and its 200 day moving average price is $40.59. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The firm has a market cap of $44.81 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01.

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

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.23 per share. 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 2.0%. Baker Hughes’s dividend payout ratio is currently 30.07%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BKR shares. Susquehanna boosted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Seaport Res Ptn downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Stifel Nicolaus dropped their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Morgan Stanley lifted their price target on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, 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 price target on the stock. Twenty investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.29.

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.