Nuveen LLC Purchases New Shares in Helix Energy Solutions Group, Inc. $HLX

Nuveen LLC purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 887,847 shares of the oil and gas company’s stock, valued at approximately $7,378,000. Nuveen LLC owned 0.59% of Helix Energy Solutions Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Helix Energy Solutions Group by 1.5% during the first quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock valued at $118,482,000 after buying an additional 208,288 shares during the period. Encompass Capital Advisors LLC grew its position in Helix Energy Solutions Group by 66.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock valued at $38,243,000 after buying an additional 1,634,764 shares during the period. Wellington Management Group LLP grew its position in Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock valued at $30,590,000 after buying an additional 396,666 shares during the period. Systematic Financial Management LP grew its position in Helix Energy Solutions Group by 17.1% during the fourth quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company’s stock valued at $27,082,000 after buying an additional 425,071 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in shares of Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company’s stock valued at $23,017,000 after purchasing an additional 1,928,691 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $6.3750 on Monday. The company’s 50-day moving average price is $6.31 and its 200-day moving average price is $6.92. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $937.06 million, a P/E ratio of 19.92 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $12.33.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $326.62 million. Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Wall Street Zen lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Helix Energy Solutions Group presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.