Baker Hughes Company $BKR Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Baker Hughes Company (NASDAQ:BKR) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,650 shares of the company’s stock after purchasing an additional 16,924 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Baker Hughes were worth $14,747,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Baker Hughes during the 1st quarter valued at $28,000. Golden State Wealth Management LLC grew its holdings in Baker Hughes by 678.7% during 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 acquired a new position in Baker Hughes during the 1st quarter worth $30,000. Grove Bank & Trust grew its holdings in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock worth $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after acquiring an additional 465 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKR has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Baker Hughes in a report on Saturday, September 27th. Melius Research initiated coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Finally, Seaport Res Ptn lowered shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Baker Hughes Trading Up 0.2%

Shares of NASDAQ:BKR opened at $48.50 on Friday. The company has a market cap of $47.82 billion, a PE ratio of 15.85, a P/E/G ratio of 2.21 and a beta of 0.99. The company’s 50-day moving average price is $45.69 and its 200 day moving average price is $41.22. Baker Hughes Company has a fifty-two week low of $33.60 and a fifty-two week high of $50.92. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

Baker Hughes (NASDAQ:BKR) last issued 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. 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 for the quarter, compared to the consensus estimate of $6.64 billion. During the same period last year, the firm posted $0.57 EPS. Baker Hughes’s quarterly revenue 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. Sell-side analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently declared 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 dividend yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’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 $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. The trade was a 38.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the transaction, the chief executive officer directly owned 667,593 shares in the company, valued at $29,654,481.06. This represents a 44.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is owned by corporate 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.