Smartleaf Asset Management LLC Has $940,000 Stock Position in Baker Hughes Company $BKR

Smartleaf Asset Management LLC reduced its position in shares of Baker Hughes Company (NASDAQ:BKR) by 4.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,808 shares of the company’s stock after selling 1,121 shares during the period. Smartleaf Asset Management LLC’s holdings in Baker Hughes were worth $940,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BKR. Wayfinding Financial LLC acquired a new stake in shares of Baker Hughes during the first quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its holdings in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after acquiring an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes during the 1st quarter worth approximately $30,000. Grove Bank & Trust increased its holdings in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after purchasing an additional 320 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company’s stock valued at $36,000 after purchasing an additional 465 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR opened at $44.76 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The stock has a market capitalization of $44.13 billion, a P/E ratio of 14.63, a P/E/G ratio of 2.04 and a beta of 0.94. The business has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $40.66.

Baker Hughes (NASDAQ:BKR) last issued its earnings results 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. The company had revenue of $6.91 billion for 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 company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BKR shares. Barclays boosted their price objective on Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. TD Cowen lifted their price target on Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Melius Research assumed coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective on the stock. Seaport Res Ptn downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, Evercore ISI upped their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and an average target price of $52.29.

Insider Buying and Selling at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the business’s 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 directly owned 667,593 shares of the company’s stock, valued at $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

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.