Baker Hughes Company $BKR Stock Position Raised by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Baker Hughes Company (NASDAQ:BKR) by 44.3% in the second quarter, HoldingsChannel reports. The firm owned 101,293 shares of the company’s stock after acquiring an additional 31,088 shares during the period. QRG Capital Management Inc.’s holdings in Baker Hughes were worth $3,884,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its position in shares of Baker Hughes by 5.5% in the first quarter. Wedmont Private Capital now owns 19,894 shares of the company’s stock worth $874,000 after buying an additional 1,029 shares during the period. RDA Financial Network acquired a new stake in Baker Hughes during the 1st quarter worth about $233,000. Miracle Mile Advisors LLC purchased a new position in Baker Hughes during the 1st quarter valued at about $317,000. Park Avenue Securities LLC grew its stake in Baker Hughes by 22.6% during the 1st quarter. Park Avenue Securities LLC now owns 28,149 shares of the company’s stock valued at $1,237,000 after acquiring an additional 5,192 shares in the last quarter. Finally, Rheos Capital Works Inc. acquired a new position in shares of Baker Hughes in the 1st quarter valued at about $17,141,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKR has been the topic of a number of research analyst reports. Jefferies Financial Group set a $58.00 price objective on shares of Baker Hughes in a research report on Wednesday, July 30th. Evercore ISI boosted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group upped their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Baker Hughes from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Finally, Capital One Financial boosted their target price on Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $52.09.

Baker Hughes Trading Up 1.2%

Baker Hughes stock opened at $49.08 on Tuesday. Baker Hughes Company has a one year low of $33.60 and a one year high of $50.92. The company’s fifty day moving average price is $45.74 and its two-hundred day moving average price is $41.23. 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 company has a market capitalization of $48.39 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.21 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 analysts’ expectations of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

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

Insider Activity

In related news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the 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 completion of the sale, the executive vice president owned 40,520 shares in the company, valued at $2,026,000. This represents a 38.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of 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 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 valued at $24,712,651 over the last 90 days. 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.