Mattson Financial Services LLC Buys Shares of 36,677 Baker Hughes Company $BKR

Mattson Financial Services LLC bought a new stake in shares of Baker Hughes Company (NASDAQ:BKR) in the first quarter, Holdings Channel reports. The firm bought 36,677 shares of the company’s stock, valued at approximately $1,612,000.

A number of other institutional investors also recently modified their holdings of BKR. Nuveen LLC acquired a new stake in shares of Baker Hughes during the 1st quarter valued at $404,385,000. Pacer Advisors Inc. boosted its stake in shares of Baker Hughes by 2,585.6% during the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company’s stock valued at $169,511,000 after buying an additional 3,713,301 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Baker Hughes in the 4th quarter valued at $128,542,000. 1832 Asset Management L.P. acquired a new stake in shares of Baker Hughes in the 1st quarter valued at $70,685,000. Finally, AQR Capital Management LLC lifted its stake in shares of Baker Hughes by 27.8% in the 1st quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company’s stock valued at $234,958,000 after purchasing an additional 1,185,456 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 667,593 shares in the company, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Baker Hughes Stock Up 3.2%

Baker Hughes stock opened at $46.92 on Thursday. The firm has a market cap of $46.26 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.07 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40. The firm has a fifty day moving average price of $43.12 and a two-hundred day moving average price of $40.63.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current 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 issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Baker Hughes’s payout ratio is presently 30.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BKR shares. Morgan Stanley lifted their price objective on shares of Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. TD Cowen lifted their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $46.00 price objective (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Jefferies Financial Group set a $58.00 price objective on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group reduced their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.29.

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.