Baker Hughes Company $BKR Shares Bought by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its stake in Baker Hughes by 849.6% in Q4, adding 258,759 shares to hold 289,214 shares valued at about $13.17 million.
• Baker Hughes beat Q1 EPS estimates ($0.58 vs. $0.49), reported $6.59 billion in revenue, provided Q2 revenue guidance of $6.3B–$6.8B and FY‑2026 revenue guidance of $26.2B–$28.3B, and declared a $0.23 quarterly dividend (1.4% yield).
• Significant insider selling occurred recently, including CEO Lorenzo Simonelli’s sale of 272,594 shares (~$16.0 million), with insiders selling 590,251 shares worth $35.31 million over the last quarter.

M&T Bank Corp boosted its position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 849.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 289,214 shares of the company's stock after acquiring an additional 258,759 shares during the quarter. M&T Bank Corp's holdings in Baker Hughes were worth $13,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKR. Capital International Investors acquired a new stake in Baker Hughes during the 3rd quarter valued at approximately $729,670,000. Capital World Investors lifted its stake in Baker Hughes by 7.1% during the 3rd quarter. Capital World Investors now owns 47,546,388 shares of the company's stock valued at $2,316,462,000 after acquiring an additional 3,153,709 shares during the period. First Trust Advisors LP lifted its stake in Baker Hughes by 25.7% during the 3rd quarter. First Trust Advisors LP now owns 9,325,417 shares of the company's stock valued at $454,334,000 after acquiring an additional 1,906,384 shares during the period. Capital Research Global Investors lifted its stake in Baker Hughes by 7.1% during the 3rd quarter. Capital Research Global Investors now owns 25,903,241 shares of the company's stock valued at $1,262,033,000 after acquiring an additional 1,728,016 shares during the period. Finally, Merewether Investment Management LP lifted its stake in Baker Hughes by 359.7% during the 3rd quarter. Merewether Investment Management LP now owns 2,165,846 shares of the company's stock valued at $105,520,000 after acquiring an additional 1,694,700 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Stock Performance

BKR opened at $64.49 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a fifty day moving average price of $61.18 and a 200 day moving average price of $53.56. Baker Hughes Company has a 1 year low of $34.56 and a 1 year high of $67.00. The stock has a market cap of $63.73 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.12 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. Baker Hughes had a net margin of 9.33% and a return on equity of 14.26%. The firm had revenue of $6.59 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same period in the previous year, the business posted $0.51 EPS. The business's revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Baker Hughes Company will post 2.4 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. Baker Hughes's dividend payout ratio is presently 35.38%.

Baker Hughes News Roundup

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

• Positive Sentiment: Q1 beat on revenue and EPS — Baker Hughes reported materially stronger-than-expected top-line and earnings, driven by industrial and energy-technology demand, which is the main driver of the intraday rally. Read More.
• Positive Sentiment: Dividend declared — the board announced a $0.23 quarterly cash dividend (payable May 15), supporting income-oriented ownership and signaling confidence in cash returns to shareholders. Read More.
• Neutral Sentiment: Revenue guidance roughly in line with consensus — management set Q2 revenue at $6.3B–$6.8B and FY‑2026 revenue at $26.2B–$28.3B, which centers near analysts’ estimates and reduces forecast uncertainty, though EPS guidance was not specified in the published entries. Read More.
• Neutral Sentiment: Analyst positioning is constructive but mixed — recent buy/overweight notes and a median 6‑month price target near the current level (~$65) lend support, suggesting limited near-term upside from upgrades alone. Read More.
• Negative Sentiment: Significant insider selling — multiple senior executives, including the CEO, executed large open‑market sales in recent months; heavy insider exits can weigh on sentiment and raise questions for some investors. Read More.
• Negative Sentiment: Cash flow and liabilities mixed — while cash and cash equivalents rose substantially, cash from operations fell and total liabilities increased materially, introducing balance‑sheet and cash‑flow nuance that could temper enthusiasm. Read More.

Wall Street Analysts Forecast Growth

BKR has been the subject of several research reports. Capital One Financial lifted their price objective on shares of Baker Hughes from $60.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, April 10th. Wall Street Zen cut Baker Hughes from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Barclays boosted their price objective on Baker Hughes from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, January 27th. Susquehanna boosted their price objective on Baker Hughes from $65.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, April 7th. Finally, Zephirin Group boosted their price objective on Baker Hughes from $40.00 to $45.00 and gave the company a "hold" rating in a report on Monday, January 26th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.86.

Insiders Place Their Bets

In related news, CEO Lorenzo Simonelli sold 272,594 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total value of $16,025,801.26. Following the completion of the transaction, the chief executive officer owned 866,444 shares of the company's stock, valued at approximately $50,938,242.76. This represents a 23.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,985 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $55.77, for a total value of $110,703.45. Following the completion of the transaction, the chief accounting officer directly owned 12,052 shares of the company's stock, valued at $672,140.04. The trade was a 14.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 590,251 shares of company stock worth $35,311,023. 0.19% of the stock is 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.

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