Baker Hughes (NASDAQ:BKR) EVP Sells $1,250,000.00 in Stock

Baker Hughes Company (NASDAQ:BKR) EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive vice president directly owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Baker Hughes Trading Up 0.8%

Shares of BKR stock opened at $50.52 on Friday. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $50.93. The company has a market cap of $49.81 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.30 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. The stock has a 50 day simple moving average of $45.13 and a 200-day simple moving average of $41.02.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. The company 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 firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Baker Hughes’s dividend payout ratio (DPR) is currently 30.07%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BKR shares. Seaport Res Ptn lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Morgan Stanley boosted their price target on Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a report on Wednesday, July 30th. Capital One Financial upped their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, UBS Group reissued a “neutral” rating and issued a $46.00 price target (up from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKR. Valeo Financial Advisors LLC purchased a new stake in shares of Baker Hughes in the second quarter valued at about $303,000. B. Riley Wealth Advisors Inc. acquired a new position in Baker Hughes in the 2nd quarter valued at about $598,000. Cape Investment Advisory Inc. boosted its holdings in Baker Hughes by 13,610.0% in the 2nd quarter. Cape Investment Advisory Inc. now owns 2,742 shares of the company’s stock valued at $105,000 after purchasing an additional 2,722 shares during the last quarter. Hohimer Wealth Management LLC grew its stake in shares of Baker Hughes by 10.1% in the 2nd quarter. Hohimer Wealth Management LLC now owns 27,345 shares of the company’s stock valued at $1,048,000 after buying an additional 2,505 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Baker Hughes by 9.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 106,512 shares of the company’s stock worth $4,084,000 after buying an additional 9,143 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

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.