Rep. Tim Moore Acquires Shares of Baker Hughes (NASDAQ:BKR)

Representative Tim Moore (R-North Carolina) recently bought shares of Baker Hughes (NASDAQ:BKR). In a filing disclosed on April 14th, the Representative disclosed that they had bought between $15,001 and $50,000 in Baker Hughes stock on March 4th. The trade occurred in the Representative’s “TRADEWINDS” account.

Representative Tim Moore also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of Ford Motor (NYSE:F) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/25/2025.
• Sold $100,001 – $250,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/20/2025.
• Purchased $15,001 – $50,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/14/2025.
• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/14/2025.
• Purchased $50,001 – $100,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/13/2025.
• Purchased $50,001 – $100,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/12/2025.
• Sold $50,001 – $100,000 in shares of Ford Motor (NYSE:F) on 3/10/2025.
• Sold $100,001 – $250,000 in shares of Harley-Davidson (NYSE:HOG) on 3/10/2025.

Baker Hughes Stock Up 1.9 %

BKR traded up $0.73 during midday trading on Thursday, reaching $38.86. The company’s stock had a trading volume of 5,548,880 shares, compared to its average volume of 6,871,293. The stock’s 50-day moving average is $42.67 and its 200-day moving average is $42.03. The firm has a market capitalization of $38.47 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.00 and a beta of 1.08. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, research analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is 30.87%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BKR shares. Wells Fargo & Company boosted their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their target price on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Citigroup dropped their price target on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America boosted their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus target price of $50.65.

Institutional Trading of Baker Hughes

Hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in Baker Hughes during the 3rd quarter valued at approximately $1,263,000. Wellington Management Group LLP boosted its position in shares of Baker Hughes by 4.1% during the third quarter. Wellington Management Group LLP now owns 408,310 shares of the company’s stock worth $14,760,000 after acquiring an additional 16,025 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in Baker Hughes by 4.8% during the third quarter. Orion Portfolio Solutions LLC now owns 33,758 shares of the company’s stock valued at $1,220,000 after acquiring an additional 1,549 shares in the last quarter. MML Investors Services LLC increased its holdings in Baker Hughes by 14.6% in the 3rd quarter. MML Investors Services LLC now owns 17,340 shares of the company’s stock valued at $627,000 after acquiring an additional 2,214 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Baker Hughes by 7.2% during the 3rd quarter. M&T Bank Corp now owns 48,075 shares of the company’s stock valued at $1,738,000 after purchasing an additional 3,229 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.25% of the company’s stock.

About Representative Moore

Timothy K. Moore (Republican Party) is a member of the U.S. House, representing North Carolina’s 14th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Moore (Republican Party) ran for election to the U.S. House to represent North Carolina’s 14th Congressional District. He won in the general election on November 5, 2024.

Moore served as speaker of the House from 2015 to 2025.

Timothy Moore earned his B.A. from the University of North Carolina-Chapel Hill in 1992 and his J.D. from the Oklahoma City University School of Law in 1995. His professional experience includes working as an attorney.

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.