Checchi Capital Advisers LLC Trims Stake in Baker Hughes Company $BKR

Checchi Capital Advisers LLC cut its position in Baker Hughes Company (NASDAQ:BKR) by 4.5% in the second quarter, Holdings Channel reports. The firm owned 7,958 shares of the company’s stock after selling 372 shares during the period. Checchi Capital Advisers LLC’s holdings in Baker Hughes were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Baker Hughes by 0.8% in the first quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company’s stock valued at $5,367,096,000 after buying an additional 924,501 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Baker Hughes by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company’s stock worth $515,367,000 after acquiring an additional 175,495 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Baker Hughes by 2.7% in the 1st quarter. Invesco Ltd. now owns 10,790,132 shares of the company’s stock valued at $474,226,000 after acquiring an additional 283,454 shares during the period. Alliancebernstein L.P. raised its position in Baker Hughes by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 10,068,044 shares of the company’s stock valued at $442,491,000 after purchasing an additional 376,654 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Baker Hughes by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,262,413 shares of the company’s stock valued at $407,083,000 after purchasing an additional 707,471 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of Baker Hughes 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 transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at approximately $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is owned by company insiders.

Baker Hughes Stock Up 1.2%

BKR opened at $49.08 on Tuesday. 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 12 month low of $33.60 and a 12 month high of $50.92. The stock has a market capitalization of $48.39 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.21 and a beta of 0.99. The business has a 50 day simple moving average of $45.74 and a 200-day simple moving average of $41.23.

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

Baker Hughes Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on BKR shares. Industrial Alliance Securities set a $53.00 price objective on shares of Baker Hughes in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Baker Hughes from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. BMO Capital Markets reaffirmed 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. Barclays boosted their target price on Baker Hughes from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Morgan Stanley increased their price target on Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.