Wealth Enhancement Advisory Services LLC Acquires 106,968 Shares of Baker Hughes Company $BKR

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 144.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,815 shares of the company’s stock after acquiring an additional 106,968 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Baker Hughes were worth $7,167,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BKR. Seaport Res Ptn lowered shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th. Evercore ISI lifted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group reaffirmed a “neutral” rating and set a $46.00 price target (up from $43.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Morgan Stanley lifted their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a report on Wednesday, July 30th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and a consensus price target of $52.32.

Baker Hughes Stock Up 2.6%

Baker Hughes stock opened at $48.93 on Wednesday. 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 Company has a 12-month low of $33.60 and a 12-month high of $50.07. The firm’s fifty day moving average is $44.47 and its 200 day moving average is $40.85. The company has a market capitalization of $48.24 billion, a PE ratio of 15.99, a PEG ratio of 2.17 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts predict that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 presently 30.07%.

Insider Buying and Selling

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the sale, the chief executive officer owned 667,593 shares in the company, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.27% of the company’s stock.

Baker Hughes 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.