Erste Asset Management GmbH Purchases 4,150 Shares of Baker Hughes Company $BKR

Erste Asset Management GmbH boosted its position in Baker Hughes Company (NASDAQ:BKR) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,850 shares of the company’s stock after acquiring an additional 4,150 shares during the period. Erste Asset Management GmbH’s holdings in Baker Hughes were worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prosperity Consulting Group LLC grew its holdings in shares of Baker Hughes by 2.7% in the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company’s stock valued at $463,000 after acquiring an additional 278 shares in the last quarter. Greenleaf Trust lifted its stake in Baker Hughes by 2.2% in the first quarter. Greenleaf Trust now owns 13,852 shares of the company’s stock valued at $609,000 after purchasing an additional 293 shares during the last quarter. TCTC Holdings LLC lifted its stake in Baker Hughes by 7.7% in the first quarter. TCTC Holdings LLC now owns 4,219 shares of the company’s stock valued at $185,000 after purchasing an additional 301 shares during the last quarter. Grove Bank & Trust lifted its stake in Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after purchasing an additional 320 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Baker Hughes by 1.0% in the first quarter. Ritholtz Wealth Management now owns 34,725 shares of the company’s stock valued at $1,526,000 after purchasing an additional 339 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

NASDAQ BKR opened at $43.46 on Friday. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market capitalization of $42.85 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.95 and a beta of 0.94. The company has a fifty day moving average of $41.24 and a 200-day moving average of $40.78.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (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 previous year, the firm posted $0.57 EPS. The firm’s 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. As a group, equities research analysts predict that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s payout ratio is currently 30.07%.

Analyst Ratings Changes

Several research firms recently commented on BKR. TD Securities dropped 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 Thursday, April 24th. Stifel Nicolaus lowered their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Seaport Res Ptn cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Royal Bank Of Canada lowered their target price on shares of Baker Hughes from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Finally, Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a report on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.29.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction on 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 sale, the chief executive officer directly owned 667,593 shares of the company’s stock, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

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.