Great Lakes Advisors LLC Acquires 59,014 Shares of Baker Hughes Company $BKR

Great Lakes Advisors LLC lifted its position in Baker Hughes Company (NASDAQ:BKR) by 61.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,118 shares of the company’s stock after buying an additional 59,014 shares during the period. Great Lakes Advisors LLC’s holdings in Baker Hughes were worth $6,817,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at $30,000. Golden State Wealth Management LLC increased its position in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after buying an additional 604 shares in the last quarter. Grove Bank & Trust increased its position in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after buying an additional 320 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company’s stock valued at $36,000 after buying an additional 465 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the 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 directly owned 667,593 shares in the company, valued at $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $45.45 on Wednesday. The company has a fifty day moving average price of $42.98 and a 200 day moving average price of $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 current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The firm has a market cap of $44.81 billion, a PE ratio of 14.85, a PEG ratio of 2.08 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same period in the prior year, the business posted $0.57 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. 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 fiscal year.

Baker Hughes Dividend Announcement

The firm 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s dividend payout ratio is currently 30.07%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Melius assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Jefferies Financial Group set a $58.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Melius Research initiated coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.