RBF Capital LLC Trims Stake in Baker Hughes Company $BKR

RBF Capital LLC lessened its position in shares of Baker Hughes Company (NASDAQ:BKR) by 7.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 120,000 shares of the company’s stock after selling 10,000 shares during the quarter. RBF Capital LLC’s holdings in Baker Hughes were worth $7,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Baker Hughes by 1.6% in the 4th quarter. State Street Corp now owns 61,409,438 shares of the company’s stock valued at $2,796,586,000 after acquiring an additional 937,614 shares during the period. Cardano Risk Management B.V. increased its stake in Baker Hughes by 1,005.1% in the fourth quarter. Cardano Risk Management B.V. now owns 49,353,310 shares of the company’s stock valued at $2,247,550,000 after purchasing an additional 44,887,481 shares during the period. Geode Capital Management LLC increased its stake in Baker Hughes by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 26,213,363 shares of the company’s stock valued at $1,189,194,000 after purchasing an additional 204,534 shares during the period. Norges Bank purchased a new stake in shares of Baker Hughes in the fourth quarter valued at about $1,022,491,000. Finally, Capital International Investors boosted its stake in shares of Baker Hughes by 6.4% during the fourth quarter. Capital International Investors now owns 15,933,590 shares of the company’s stock worth $725,616,000 after buying an additional 956,808 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 0.4%

NASDAQ:BKR opened at $58.72 on Thursday. The stock has a fifty day moving average price of $59.58 and a two-hundred day moving average price of $60.18. The stock has a market capitalization of $58.25 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.77 and a current ratio of 2.09. Baker Hughes Company has a 1 year low of $41.96 and a 1 year high of $70.41.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Sunday, July 26th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.51 by $0.13. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Baker Hughes Company will post 2.31 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be issued a $0.23 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Baker Hughes’s dividend payout ratio is currently 29.39%.

Analysts Set New Price Targets

BKR has been the topic of a number of research reports. Argus raised their price target on Baker Hughes from $67.00 to $79.00 in a report on Friday, May 1st. Wall Street Zen raised Baker Hughes from a “hold” rating to a “buy” rating in a research report on Tuesday. Piper Sandler boosted their target price on Baker Hughes from $71.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on Baker Hughes from $60.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, BMO Capital Markets lifted their price objective on shares of Baker Hughes from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $69.95.

Baker Hughes News Roundup

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Major 1.3-gigawatt power-generation order: Dynamis Power Solutions ordered 76 Baker Hughes NovaLT16 gas turbines, along with BRUSH generators, gearboxes and controls, for data centers and oil-and-gas applications. The turbines were booked in the second quarter, while the associated equipment was booked in the third quarter, providing visibility into future revenue. Dynamis Power Solutions Awards Baker Hughes Major Power Generation Order for Data Centers, Oil & Gas
• Positive Sentiment: Analysts remain bullish: J.P. Morgan reaffirmed its Buy rating, while Piper Sandler maintained its Buy recommendation. Susquehanna also raised its price target from $70 to $72 and assigned a Positive rating, implying substantial upside based on the referenced price. J.P. Morgan Reaffirms Its Buy Rating Susquehanna Raises Baker Hughes Price Target
• Positive Sentiment: Operational momentum: Second-quarter commentary highlighted record Industrial & Energy Technology orders and robust cash flow. Baker Hughes also secured a technology order for Venture Global’s CP2 LNG expansion, supporting its LNG backlog and energy-transition businesses. Baker Hughes Q2 2026 Earnings Call Highlights Baker Hughes Wins Technology Order for Venture Global’s CP2 LNG Expansion
• Neutral Sentiment: Market commentary suggests sector rotation from pressured technology shares toward energy stocks could improve investor interest in BKR, although the potential impact depends on broader market volatility. Stocks Standing Out as the Tech Rally Cracks
• Negative Sentiment: Baker Hughes expects lower spending by oil-and-gas producers in 2026, a headwind for its traditional oilfield-services businesses. The new data-center and power-generation orders help diversify this risk but may not fully offset near-term industry caution. Baker Hughes Sees Lower Spending by Oil and Gas Producers in 2026

Insider Activity at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 5,088 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total value of $326,751.36. Following the sale, the chief accounting officer owned 15,997 shares of the company’s stock, valued at approximately $1,027,327.34. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lorenzo Simonelli sold 181,411 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total value of $10,599,844.73. Following the completion of the transaction, the chief executive officer owned 703,444 shares of the company’s stock, valued at approximately $41,102,232.92. This represents a 20.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 367,910 shares of company stock valued at $22,420,797 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.