Paladin Wealth LLC Grows Stake in Baker Hughes Company $BKR

Paladin Wealth LLC raised its stake in Baker Hughes Company (NASDAQ:BKR) by 26.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,021 shares of the company’s stock after acquiring an additional 3,132 shares during the period. Paladin Wealth LLC’s holdings in Baker Hughes were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BKR. Wayfinding Financial LLC purchased a new stake in shares of Baker Hughes in the first quarter worth $28,000. Golden State Wealth Management LLC boosted its position in shares of Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after buying an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Baker Hughes during the first quarter valued at $30,000. Grove Bank & Trust boosted its position in shares of Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after buying an additional 320 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock valued at $36,000 after buying an additional 465 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on BKR shares. Melius Research started coverage on Baker Hughes in a research report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Melius began coverage on Baker Hughes in a research report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective on the stock. TD Cowen raised their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Industrial Alliance Securities set a $53.00 target price on Baker Hughes in a research report on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average price target of $52.29.

Insider Transactions at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the sale, the chief executive officer owned 667,593 shares of the company’s stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Baker Hughes Stock Down 1.0%

BKR stock opened at $46.49 on Monday. Baker Hughes Company has a twelve month low of $33.13 and a twelve month high of $49.40. 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 stock has a market cap of $45.83 billion, a P/E ratio of 15.19, a PEG ratio of 2.12 and a beta of 1.01. The business’s 50-day moving average price is $43.40 and its 200-day moving average price is $40.62.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’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. On average, equities research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s dividend payout ratio (DPR) is 30.07%.

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.