Baker Hughes Company $BKR Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV cut its position in Baker Hughes Company (NASDAQ:BKR) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,836 shares of the company’s stock after selling 7,105 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Baker Hughes were worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Baker Hughes in the first quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in Baker Hughes during the first quarter worth $30,000. Golden State Wealth Management LLC boosted its stake in 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 during the last quarter. Grove Bank & Trust boosted its stake in 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 during the last quarter. Finally, Spire Wealth Management boosted its stake in 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 during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Price Performance

NASDAQ:BKR opened at $48.50 on Friday. Baker Hughes Company has a 52 week low of $33.60 and a 52 week high of $50.92. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $47.82 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.20 and a beta of 0.99. The stock’s fifty day moving average is $45.69 and its two-hundred day moving average is $41.24.

Baker Hughes (NASDAQ:BKR) last posted 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. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s payout ratio is currently 30.07%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen boosted their price objective on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Melius assumed coverage on Baker Hughes in a research note on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective on the stock. Barclays boosted their price objective on Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Stifel Nicolaus lowered their price objective on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Finally, Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a research note on Wednesday, July 30th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Insider Activity at Baker Hughes

In related news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,000 shares of the business’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 sale, the chief accounting officer owned 11,772 shares in the company, valued at $588,600. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is currently owned by company insiders.

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.