ASR Vermogensbeheer N.V. Boosts Stock Holdings in Baker Hughes Company $BKR

ASR Vermogensbeheer N.V. increased its holdings in Baker Hughes Company (NASDAQ:BKR) by 15.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 452,569 shares of the company’s stock after buying an additional 61,283 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Baker Hughes were worth $17,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BKR. Prosperity Consulting Group LLC raised its position in shares of Baker Hughes by 2.7% during the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company’s stock valued at $463,000 after buying an additional 278 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Baker Hughes by 1.4% during the second quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company’s stock worth $834,000 after acquiring an additional 292 shares during the last quarter. Greenleaf Trust grew its stake in Baker Hughes by 2.2% during the first quarter. Greenleaf Trust now owns 13,852 shares of the company’s stock valued at $609,000 after acquiring an additional 293 shares in the last quarter. Moody National Bank Trust Division increased its holdings in Baker Hughes by 5.9% in the 2nd quarter. Moody National Bank Trust Division now owns 5,351 shares of the company’s stock valued at $205,000 after acquiring an additional 296 shares during the last quarter. Finally, City Center Advisors LLC lifted its stake in Baker Hughes by 3.6% in the 2nd quarter. City Center Advisors LLC now owns 8,486 shares of the company’s stock worth $325,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Down 0.7%

Shares of BKR stock opened at $48.36 on Thursday. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92. 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 stock’s 50 day simple moving average is $45.59 and its two-hundred day simple moving average is $41.17. The company has a market cap of $47.68 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last issued 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 return on equity of 14.56% and a net margin of 11.04%.The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’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. Research analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. Baker Hughes’s dividend payout ratio is 30.07%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 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 transaction of $1,250,000.00. Following the sale, the executive vice president directly owned 40,520 shares in the company, valued at $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 11,772 shares in the company, valued at approximately $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 553,068 shares of company stock worth $24,712,651 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BKR. Capital One Financial raised their price objective on Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Melius began coverage on Baker Hughes in a research note on Wednesday, August 20th. They set a “buy” rating and a $60.00 price target for the company. Stifel Nicolaus reduced 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. Evercore ISI upped their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group lowered their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, July 2nd. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.36.

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.