8,098 Shares in Baker Hughes Company $BKR Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. purchased a new position in Baker Hughes Company (NASDAQ:BKR) during the second quarter, HoldingsChannel reports. The fund purchased 8,098 shares of the company’s stock, valued at approximately $310,000.

Other large investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Baker Hughes in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Baker Hughes during the 1st quarter worth approximately $30,000. Grove Bank & Trust raised its holdings in shares of Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock worth $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after acquiring an additional 465 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction on 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 in the company, valued at $2,026,000. This trade represents a 38.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,068 shares of company stock valued at $24,712,651 in the last quarter. 0.27% of the stock is owned by insiders.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $48.50 on Friday. The stock’s fifty day moving average is $45.69 and its 200 day moving average is $41.22. Baker Hughes Company has a fifty-two week low of $33.60 and a fifty-two week high of $50.92. The firm has a market capitalization of $47.82 billion, a PE ratio of 15.85, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.Baker Hughes’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Baker Hughes in a report on Saturday, September 27th. Stifel Nicolaus decreased their price objective on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price objective on Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Zephirin Group upped their price objective on Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Industrial Alliance Securities set a $53.00 price target on Baker Hughes in a report on Wednesday, July 30th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.00.

Baker Hughes Company 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.