Belpointe Asset Management LLC Sells 7,361 Shares of Baker Hughes Company $BKR

Belpointe Asset Management LLC cut its stake in Baker Hughes Company (NASDAQ:BKR) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,705 shares of the company’s stock after selling 7,361 shares during the quarter. Belpointe Asset Management LLC’s holdings in Baker Hughes were worth $1,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BKR. Wayfinding Financial LLC bought a new stake in Baker Hughes in the first quarter worth $28,000. Golden State Wealth Management LLC lifted its position in Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after buying an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes in the first quarter worth $30,000. Grove Bank & Trust lifted its position in Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company’s stock worth $33,000 after buying an additional 320 shares during the last quarter. Finally, Spire Wealth Management lifted its position in Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after buying an additional 465 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 40,520 shares in the company, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer owned 11,772 shares in the company, valued at $588,600. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 553,068 shares of company stock worth $24,712,651. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BKR. Melius began coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They set a “buy” rating and a $60.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Baker Hughes in a research note on Saturday, September 27th. Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Susquehanna boosted their target price on shares of Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley boosted their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.09.

Baker Hughes Stock Performance

BKR stock opened at $48.58 on Wednesday. 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 business has a 50-day moving average price of $45.80 and a 200 day moving average price of $41.28. The company has a market capitalization of $47.89 billion, a P/E ratio of 15.88, a PEG ratio of 2.23 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.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.23 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. Baker Hughes’s 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.