Farther Finance Advisors LLC Has $307,000 Holdings in Baker Hughes Company $BKR

Farther Finance Advisors LLC raised its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,996 shares of the company’s stock after purchasing an additional 1,051 shares during the period. Farther Finance Advisors LLC’s holdings in Baker Hughes were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Baker Hughes during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC lifted its position in Baker Hughes by 678.7% during the 1st 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 period. N.E.W. Advisory Services LLC acquired a new position in Baker Hughes during the 1st quarter valued at about $30,000. Grove Bank & Trust lifted its position in Baker Hughes by 76.2% during the 1st 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 period. Finally, Spire Wealth Management lifted its position in Baker Hughes by 132.9% during the 1st 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 period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Up 0.1%

BKR opened at $50.55 on Tuesday. 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 debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market capitalization of $49.84 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.30 and a beta of 1.01. The stock has a fifty day moving average of $45.34 and a 200-day moving average of $41.07.

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

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. Baker Hughes’s dividend payout ratio (DPR) is currently 30.07%.

Analysts Set New Price Targets

A number of research firms have issued reports on BKR. UBS Group restated a “neutral” rating and set a $46.00 target price (up from $43.00) on shares of Baker Hughes in a research report on Wednesday, July 30th. Evercore ISI upped their price target on Baker Hughes from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Industrial Alliance Securities set a $53.00 price target on shares of Baker Hughes in a research report on Wednesday, July 30th. Seaport Res Ptn downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Susquehanna increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.32.

Insider Transactions at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer 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 Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,250,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 553,068 shares of company stock valued at $24,712,651. 0.27% of the stock is currently 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.