Norinchukin Bank The Has $4.11 Million Holdings in Baker Hughes Company $BKR

Norinchukin Bank The increased its position in shares of Baker Hughes Company (NASDAQ:BKR) by 42.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,542 shares of the company’s stock after buying an additional 27,743 shares during the period. Norinchukin Bank The’s holdings in Baker Hughes were worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Baker Hughes by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company’s stock valued at $27,314,000 after purchasing an additional 17,035 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Baker Hughes by 51.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 24,455 shares of the company’s stock worth $1,075,000 after purchasing an additional 8,351 shares during the period. Principal Financial Group Inc. lifted its position in Baker Hughes by 7.2% during the first quarter. Principal Financial Group Inc. now owns 1,239,175 shares of the company’s stock worth $54,462,000 after purchasing an additional 82,706 shares during the period. Stack Financial Management Inc bought a new stake in Baker Hughes during the first quarter worth about $12,890,000. Finally, Johnson Investment Counsel Inc. bought a new stake in Baker Hughes during the first quarter worth about $360,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on BKR shares. TD Cowen boosted their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley boosted their target price on Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Evercore ISI boosted their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus lowered their target price on Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Finally, Melius started coverage on Baker Hughes in a research note on Wednesday. They set a “buy” rating and a $60.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and an average price target of $52.29.

Baker Hughes Stock Performance

Baker Hughes stock opened at $43.46 on Friday. The business has a 50 day moving average of $41.24 and a 200-day moving average of $40.78. Baker Hughes Company has a 1 year low of $32.25 and a 1 year high of $49.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. 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.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.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 prior year, the firm posted $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. On average, equities research analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

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

Insiders Place Their Bets

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction that occurred 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 owned 667,593 shares of the company’s stock, valued at approximately $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.