Congress Asset Management Co. Has $2.94 Million Stake in Baker Hughes Company $BKR

Congress Asset Management Co. reduced its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,524 shares of the company’s stock after selling 8,469 shares during the period. Congress Asset Management Co.’s holdings in Baker Hughes were worth $2,938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKR. Woodline Partners LP increased its holdings in shares of Baker Hughes by 40.8% during the 1st quarter. Woodline Partners LP now owns 83,650 shares of the company’s stock valued at $3,676,000 after acquiring an additional 24,225 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Baker Hughes by 5.6% in the 1st quarter. Focus Partners Wealth now owns 18,481 shares of the company’s stock valued at $812,000 after acquiring an additional 986 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Baker Hughes in the 2nd quarter worth approximately $234,000. Prudential Financial Inc. boosted its position in Baker Hughes by 6.5% during the second quarter. Prudential Financial Inc. now owns 613,375 shares of the company’s stock worth $23,517,000 after purchasing an additional 37,459 shares during the period. Finally, Jefferies Financial Group Inc. boosted its position in Baker Hughes by 31.6% during the second quarter. Jefferies Financial Group Inc. now owns 66,700 shares of the company’s stock worth $2,557,000 after purchasing an additional 16,007 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Trending Headlines about Baker Hughes

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

• Positive Sentiment: Baker Hughes announced a strategic collaboration and initial engineering order with XGS Energy to advance a 150‑MW geothermal project in New Mexico — a direct push into clean‑energy revenue streams that can diversify the company beyond oilfield services. XGS Energy and Baker Hughes Announce Strategic Collaboration to Advance Geothermal Development in New Mexico
• Positive Sentiment: Baker Hughes is partnering with Google Cloud to develop AI‑enabled power optimization and sustainability solutions for data centers — positioning BKR to capture services and software revenue from the fast‑growing AI/data‑center market. This expands the company’s addressable market and supports higher‑margin, recurring streams. Baker Hughes Develops AI-Enabled Power Optimization and Sustainability Solutions for Data Centers with Google Cloud Technology
• Positive Sentiment: Analyst/investor writeups highlight BKR as a “picks and shovels” play in the energy transition and traditional services — bullish narratives that can support multiple valuation angles if execution on new energy and digital initiatives continues. Baker Hughes: Best Picks And Shovels Play In The Energy Sector
• Neutral Sentiment: Retail/coverage pieces and community bullish theses (MSN / InsiderMonkey coverage) are driving conversation but provide mixed signals — useful for interest and flows but not direct catalysts. Is Baker Hughes Company (BKR) A Good Stock To Buy Now?
• Neutral Sentiment: Baker‑backed HMH Holding pursuing an IPO (target valuation up to $948M) is a peripheral development that could eventually monetize investments but is not an immediate driver of BKR’s core results. Baker Hughes-backed HMH Holding targets valuation up to $948M in IPO
• Neutral Sentiment: Multiple short‑interest notices report sharp increases but show zero shares / NaN changes, indicating likely data/reporting errors; there’s no clear short‑covering signal to explain today’s move. (These entries are noisy and should be treated cautiously.)
• Negative Sentiment: A Seeking Alpha piece argues BKR’s recent surge makes it ripe for a downgrade — negative narratives and any formal analyst downgrades or profit‑taking can pressure the stock short term despite the strategic wins. Baker Hughes Company’s Surge Makes For A Great Time For A Downgrade

Baker Hughes Stock Down 1.4%

Shares of BKR stock opened at $62.62 on Thursday. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $67.00. The firm has a market cap of $61.88 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83. The stock has a 50 day moving average of $59.01 and a 200-day moving average of $51.61. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.26%. The business had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter last year, the company posted $0.70 earnings per share. Baker Hughes’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts predict that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. Baker Hughes’s dividend payout ratio is 35.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus increased their price target on Baker Hughes from $58.00 to $63.00 and gave the company a “buy” rating in a report on Monday, February 2nd. UBS Group upped their price objective on shares of Baker Hughes from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. BMO Capital Markets raised their target price on shares of Baker Hughes from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Barclays lifted their target price on shares of Baker Hughes from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Finally, iA Financial set a $60.00 target price on shares of Baker Hughes in a research report on Tuesday, January 27th. Twenty equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $59.61.

Insider Activity at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 843 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $56.34, for a total transaction of $47,494.62. Following the completion of the transaction, the chief accounting officer owned 14,019 shares of the company’s stock, valued at approximately $789,830.46. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lorenzo Simonelli sold 272,594 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total transaction of $16,025,801.26. Following the completion of the sale, the chief executive officer owned 866,444 shares of the company’s stock, valued at approximately $50,938,242.76. The trade was a 23.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 590,251 shares of company stock valued at $35,311,023. Company insiders own 0.27% of the company’s stock.

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.