Louisiana State Employees Retirement System Trims Stock Position in Baker Hughes Company $BKR

Louisiana State Employees Retirement System cut its position in shares of Baker Hughes Company (NASDAQ:BKR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,800 shares of the company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Baker Hughes were worth $4,785,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS increased its position in shares of Baker Hughes by 3.9% during the second quarter. KLP Kapitalforvaltning AS now owns 410,318 shares of the company’s stock valued at $15,732,000 after acquiring an additional 15,300 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Baker Hughes during the second quarter valued at about $2,739,000. Drake & Associates LLC increased its position in shares of Baker Hughes by 78.7% during the second quarter. Drake & Associates LLC now owns 67,279 shares of the company’s stock valued at $2,579,000 after acquiring an additional 29,626 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Baker Hughes by 2.1% during the second quarter. Valley National Advisers Inc. now owns 28,267 shares of the company’s stock valued at $1,083,000 after acquiring an additional 593 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Baker Hughes during the second quarter valued at about $303,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BKR. The Goldman Sachs Group dropped their price target on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, July 2nd. Zephirin Group lifted their price objective on shares of Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Susquehanna lifted their price objective on shares of Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a report on Thursday, October 2nd. Jefferies Financial Group set a $58.00 price objective on shares of Baker Hughes in a report on Wednesday, July 30th. Finally, Industrial Alliance Securities set a $53.00 price objective on shares of Baker Hughes in a report on Wednesday, July 30th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.22.

Baker Hughes Stock Down 1.5%

Shares of Baker Hughes stock opened at $47.85 on Thursday. Baker Hughes Company has a 52-week low of $33.60 and a 52-week high of $50.92. The company has a 50 day moving average of $45.85 and a 200 day moving average of $41.32. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a market capitalization 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.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results 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 quarter in the previous year, the firm earned $0.57 earnings per share. The firm’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. As a group, research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

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

Insider Transactions at Baker Hughes

In other news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the business’s 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 $50,000.00. Following the sale, the chief accounting officer owned 11,772 shares of the company’s stock, valued at $588,600. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is currently owned by insiders.

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.