Camelot Portfolios LLC Boosts Position in Baker Hughes Company $BKR

Camelot Portfolios LLC grew its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 20.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,170 shares of the company’s stock after buying an additional 1,410 shares during the period. Camelot Portfolios LLC’s holdings in Baker Hughes were worth $313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its holdings in Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after purchasing an additional 604 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Baker Hughes in the 1st quarter valued at $30,000. Grove Bank & Trust boosted 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 worth $33,000 after purchasing an additional 320 shares in the last quarter. Finally, Spire Wealth Management boosted 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 worth $36,000 after purchasing an additional 465 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKR shares. Capital One Financial boosted their price objective on Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Susquehanna lifted their price target on Baker Hughes from $46.00 to $52.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price objective on Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group cut their price objective on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Finally, TD Cowen boosted their price objective on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

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 dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at $2,026,000. This represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rebecca L. Charlton sold 1,000 shares of Baker Hughes stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer owned 11,772 shares of the company’s stock, valued at $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 553,068 shares of company stock worth $24,712,651. Insiders own 0.27% of the company’s stock.

Baker Hughes Stock Up 0.8%

Baker Hughes stock opened at $50.52 on Friday. Baker Hughes Company has a twelve month low of $33.60 and a twelve month high of $50.93. The stock’s fifty day simple moving average is $45.13 and its 200-day simple moving average is $41.02. 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 capitalization of $49.81 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.30 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating 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 firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter last year, the firm earned $0.57 earnings per share. 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 analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.23 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a yield of 1.8%. Baker Hughes’s payout ratio is 30.07%.

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.