AG2R LA Mondiale Gestion D Actifs Makes New Investment in Baker Hughes Company $BKR

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Baker Hughes Company (NASDAQ:BKR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 130,045 shares of the company’s stock, valued at approximately $5,715,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Baker Hughes by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company’s stock worth $5,367,096,000 after purchasing an additional 924,501 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Baker Hughes by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company’s stock worth $515,367,000 after purchasing an additional 175,495 shares in the last quarter. Invesco Ltd. grew its position in Baker Hughes by 2.7% during the 1st quarter. Invesco Ltd. now owns 10,790,132 shares of the company’s stock worth $474,226,000 after purchasing an additional 283,454 shares in the last quarter. Alliancebernstein L.P. grew its position in Baker Hughes by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 10,068,044 shares of the company’s stock worth $442,491,000 after purchasing an additional 376,654 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Baker Hughes by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,262,413 shares of the company’s stock worth $407,083,000 after purchasing an additional 707,471 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKR has been the topic of several research analyst reports. TD Cowen boosted their price target on shares of Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Susquehanna boosted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Seaport Res Ptn cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Evercore ISI boosted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, UBS Group restated a “neutral” rating and set a $46.00 price target (up from $43.00) on shares of 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 company. According to MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average target price of $52.29.

Insider Activity at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Baker Hughes Stock Up 0.1%

Baker Hughes stock opened at $46.97 on Friday. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.14 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 $32.86 and a fifty-two week high of $49.40. The firm has a fifty day moving average price of $43.26 and a two-hundred day moving average price of $40.65.

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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. Baker Hughes’s dividend payout ratio is currently 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.