First Hawaiian Bank Raises Holdings in Baker Hughes Company $BKR

First Hawaiian Bank grew its position in shares of Baker Hughes Company (NASDAQ:BKR) by 28.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,567 shares of the company’s stock after buying an additional 26,404 shares during the period. First Hawaiian Bank’s holdings in Baker Hughes were worth $5,299,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Baker Hughes by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 621,468 shares of the company’s stock valued at $27,314,000 after buying an additional 17,035 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Baker Hughes by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,455 shares of the company’s stock valued at $1,075,000 after buying an additional 8,351 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Baker Hughes by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,239,175 shares of the company’s stock valued at $54,462,000 after buying an additional 82,706 shares during the last quarter. Stack Financial Management Inc purchased a new position in shares of Baker Hughes during the 1st quarter valued at $12,890,000. Finally, Johnson Investment Counsel Inc. purchased a new position in shares of Baker Hughes during the 1st quarter valued at $360,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the sale, the chief executive officer owned 667,593 shares of the company’s stock, valued at $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BKR. BMO Capital Markets reaffirmed an “outperform” rating and set a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. UBS Group reiterated a “neutral” rating and set a $46.00 price objective (up from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Industrial Alliance Securities set a $53.00 price objective on Baker Hughes in a report on Wednesday, July 30th. Stifel Nicolaus dropped 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. Finally, Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a report on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.29.

Baker Hughes Stock Performance

Shares of BKR opened at $46.97 on Friday. The stock’s 50-day simple moving average is $43.26 and its 200 day simple moving average is $40.65. The stock has a market capitalization of $46.31 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. 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 Company has a 52-week low of $32.86 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 firm had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’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. Research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

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

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.