Gradient Investments LLC Purchases 96,088 Shares of Baker Hughes Company $BKR

Gradient Investments LLC increased its position in shares of Baker Hughes Company (NASDAQ:BKR) by 26.5% during the 2nd quarter, Holdings Channel reports. The firm owned 459,127 shares of the company’s stock after acquiring an additional 96,088 shares during the period. Gradient Investments LLC’s holdings in Baker Hughes were worth $17,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised 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 purchasing an additional 17,035 shares during the period. China Universal Asset Management Co. Ltd. raised 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 purchasing an additional 8,351 shares during the period. Principal Financial Group Inc. raised 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 purchasing an additional 82,706 shares during the period. Stack Financial Management Inc bought a new stake in shares of Baker Hughes during the 1st quarter valued at $12,890,000. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of Baker Hughes during the 1st quarter valued at $360,000. 92.06% of the stock is currently owned by institutional investors.

Insider Activity at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on BKR shares. Stifel Nicolaus decreased their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Seaport Res Ptn cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $46.00 target price (up from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Susquehanna raised their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Finally, Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $52.29.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR opened at $46.49 on Monday. Baker Hughes Company has a 52 week low of $33.13 and a 52 week high of $49.40. The stock has a market capitalization of $45.83 billion, a P/E ratio of 15.19, a PEG ratio of 2.12 and a beta of 1.01. The firm has a fifty day simple moving average of $43.40 and a two-hundred day simple moving average of $40.62. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

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

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. 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.