Bar Harbor Wealth Management Has $2.19 Million Holdings in Baker Hughes Company $BKR

Bar Harbor Wealth Management cut its position in Baker Hughes Company (NASDAQ:BKR) by 74.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 57,093 shares of the company’s stock after selling 166,762 shares during the quarter. Bar Harbor Wealth Management’s holdings in Baker Hughes were worth $2,189,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Nuveen LLC bought a new stake in shares of Baker Hughes during the first quarter worth approximately $404,385,000. Pacer Advisors Inc. increased its stake in Baker Hughes by 2,585.6% in the first quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company’s stock valued at $169,511,000 after purchasing an additional 3,713,301 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of Baker Hughes during the first quarter worth $70,685,000. Strs Ohio bought a new stake in shares of Baker Hughes during the first quarter worth $60,490,000. Finally, AQR Capital Management LLC increased its position in shares of Baker Hughes by 27.8% during the first quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company’s stock worth $234,958,000 after acquiring an additional 1,185,456 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm’s 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 sale, the chief executive officer directly owned 667,593 shares in the company, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’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 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 approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 553,068 shares of company stock worth $24,712,651. Corporate insiders own 0.27% of the company’s stock.

Baker Hughes Price Performance

BKR stock opened at $47.85 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $50.92. The firm has a market cap of $47.17 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.21 and a beta of 0.99. The company’s 50-day moving average price is $45.85 and its two-hundred day moving average price is $41.32.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.64 billion. During the same period last year, the firm earned $0.57 EPS. The business’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. On average, analysts anticipate 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. Stockholders of record on Tuesday, August 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s dividend payout ratio (DPR) is presently 30.07%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BKR shares. Barclays increased their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. UBS Group raised their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley raised their price target on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Melius started coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Zephirin Group raised their price target on shares of Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and an average target price of $52.22.

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.