Fortis Capital Advisors LLC Has $643,000 Stock Position in Baker Hughes Company $BKR

Fortis Capital Advisors LLC boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,764 shares of the company’s stock after buying an additional 683 shares during the period. Fortis Capital Advisors LLC’s holdings in Baker Hughes were worth $643,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in Baker Hughes during the 1st quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Baker Hughes in the first quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its holdings in shares of Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after purchasing an additional 320 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock valued at $36,000 after purchasing an additional 465 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Price Performance

Shares of BKR opened at $48.50 on Friday. The company has a market cap of $47.82 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.21 and a beta of 0.99. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $50.92. The company’s fifty day simple moving average is $45.69 and its 200 day simple moving average is $41.22. 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 (NASDAQ:BKR) last released 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 firm had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $6.64 billion. During the same period in the previous year, the business posted $0.57 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

Insiders Place Their Bets

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of Baker Hughes stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at $588,600. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of Baker Hughes stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,068 shares of company stock valued at $24,712,651 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Melius Research assumed coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued 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 report on Tuesday, July 29th. The Goldman Sachs Group decreased their target price on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Finally, Barclays boosted their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.00.

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.