Mirae Asset Global Investments Co. Ltd. Acquires 699,083 Shares of Baker Hughes Company $BKR

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Baker Hughes Company (NASDAQ:BKR) in the third quarter, Holdings Channel reports. The firm acquired 699,083 shares of the company’s stock, valued at approximately $38,380,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MCF Advisors LLC lifted its holdings in Baker Hughes by 121.4% during the 2nd quarter. MCF Advisors LLC now owns 476 shares of the company’s stock worth $26,000 after buying an additional 261 shares during the period. Olistico Wealth LLC boosted its stake in shares of Baker Hughes by 209.4% in the 3rd quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 335 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of Baker Hughes by 260.1% during the third quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock worth $27,000 after buying an additional 359 shares during the period. Latitude Advisors LLC acquired a new stake in shares of Baker Hughes during the third quarter worth $27,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Baker Hughes during the third quarter worth $33,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes News Roundup

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

• Positive Sentiment: Baker Hughes won a major subsea contract from Eni for Cyprus’ Cronos natural-gas project. The award strengthens the company’s deepwater backlog and supports future revenue visibility. Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
• Positive Sentiment: Third-quarter earnings exceeded expectations, with strong Industrial & Energy Technology (IET) performance, a 31% increase in orders and contributions from Chart Industries. Management also raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion, supported by data-center power and LNG demand. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
• Positive Sentiment: Bank of America Securities maintained its Buy rating, indicating continued confidence in Baker Hughes’ earnings and backlog prospects. Bank of America Maintains Buy Rating
• Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained positive ratings—Outperform and Overweight—but reduced their price targets to $70 and $68, respectively, signaling upside while reflecting more cautious valuation assumptions.
• Negative Sentiment: Barclays cut its price target from $72 to $62 and kept an Equal Weight rating. The reduction may weigh on sentiment despite the remaining implied upside.
• Negative Sentiment: Management indicated that some backlog conversion has been pushed beyond 2027. This could delay the timing of revenue and cash-flow benefits from the company’s strong order pipeline. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $55.23 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. The firm has a market cap of $54.83 billion, a PE ratio of 19.04, a P/E/G ratio of 2.62 and a beta of 1.04. The company’s fifty day simple moving average is $58.13 and its 200 day simple moving average is $60.05. Baker Hughes Company has a 12-month low of $44.26 and a 12-month high of $70.41.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.74 billion. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. As a group, sell-side analysts forecast that Baker Hughes Company will post 2.58 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Baker Hughes’s payout ratio is currently 31.72%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BKR shares. Barclays lowered their target price on shares of Baker Hughes from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley cut their price target on shares of Baker Hughes from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group decreased their price target on Baker Hughes from $80.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Susquehanna lifted their price objective on Baker Hughes from $72.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, September 10th. Finally, Royal Bank Of Canada dropped their price objective on Baker Hughes from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $71.14.

Baker Hughes Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.