Baker Hughes Company $BKR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. reduced its Baker Hughes stake by 3.6% in Q4, selling 99,081 shares and now holds 2,684,317 shares valued at about $122.24 million (0.27% of the company).
• CEO Lorenzo Simonelli sold 272,594 shares on March 11 for roughly $16.03 million, cutting his ownership by 23.93%; insiders have sold 590,251 shares in the past 90 days.
• Baker Hughes agreed to sell Waygate Technologies to Hexagon for about $1.45 billion (expected H2 2026), reported a Q4 earnings beat (EPS $0.78 vs. $0.67 est.), and carries a consensus analyst rating of "Moderate Buy" with a $60.70 price target while paying a $0.23 quarterly dividend (1.5% yield).

Sumitomo Mitsui Trust Group Inc. reduced its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,684,317 shares of the company's stock after selling 99,081 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Baker Hughes worth $122,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BKR. Activest Wealth Management boosted its stake in Baker Hughes by 1,242.5% in the third quarter. Activest Wealth Management now owns 537 shares of the company's stock valued at $26,000 after acquiring an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in Baker Hughes by 104.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company's stock valued at $32,000 after acquiring an additional 337 shares during the period. JFS Wealth Advisors LLC boosted its stake in Baker Hughes by 45.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 811 shares of the company's stock valued at $37,000 after acquiring an additional 252 shares during the period. Wolff Wiese Magana LLC boosted its stake in Baker Hughes by 55.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 840 shares of the company's stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Spire Wealth Management boosted its stake in Baker Hughes by 357.8% in the third quarter. Spire Wealth Management now owns 1,021 shares of the company's stock valued at $50,000 after acquiring an additional 798 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BKR shares. Wall Street Zen downgraded Baker Hughes from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Johnson Rice started coverage on Baker Hughes in a research report on Wednesday, February 25th. They set a "buy" rating and a $68.00 price objective for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Thursday, January 15th. Stifel Nicolaus boosted their price objective on Baker Hughes from $58.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Finally, Argus boosted their price objective on Baker Hughes from $55.00 to $67.00 in a research report on Tuesday, January 27th. Twenty equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.70.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $62.56 on Tuesday. The company has a market cap of $61.82 billion, a PE ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28. Baker Hughes Company has a 12-month low of $34.56 and a 12-month high of $67.00. The stock has a 50 day simple moving average of $60.90 and a 200-day simple moving average of $52.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Monday, January 26th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.11. The firm had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. On average, equities research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

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

Insider Transactions at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 272,594 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 866,444 shares in the company, valued at $50,938,242.76. This represents a 23.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rebecca L. Charlton sold 843 shares of the company's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $56.34, for a total value of $47,494.62. Following the completion of the sale, the chief accounting officer owned 14,019 shares of the company's stock, valued at $789,830.46. This trade represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 590,251 shares of company stock valued at $35,311,023. 0.27% of the stock is currently owned by company insiders.

Baker Hughes News Summary

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

• Positive Sentiment: Baker Hughes agreed to sell Waygate Technologies to Hexagon for roughly $1.45 billion in an all‑cash deal, expected to close in H2 2026 — the divestiture trims non‑core exposure, improves cash position and can fund buybacks/debt reduction or reallocation to core oilfield and energy tech businesses. Baker Hughes Announces Sale of Waygate Technologies to Hexagon
• Positive Sentiment: Baker Hughes reported a Q4 beat (EPS and revenue above expectations in January) and showed solid margins, which underpins near‑term profitability and supports analyst revisions. Reflecting On Oilfield Services Stocks’ Q4 Earnings: Baker Hughes
• Positive Sentiment: Deal flow in growth areas: Baker Hughes’ Argentina NovaLT agreement highlights exposure to gas and LNG growth markets, reinforcing the company’s longer‑term growth narrative outside pure oilfield services. Baker Hughes Argentina NovaLT Deal Highlights Gas And LNG Growth Story
• Positive Sentiment: An analyst price target was raised to $66, reflecting more favorable estimates after recent results and portfolio moves — a signal that some sell‑side analysts see upside from current levels. Baker Hughes NASDAQ: BKR Price Target Raised to $66.00
• Neutral Sentiment: Analysts are reworking valuation assumptions across Baker Hughes (and peers), adjusting growth, margin and capital‑allocation forecasts — this creates short‑term volatility as markets digest model changes. How The Baker Hughes (BKR) Story Is Shifting As Analysts Rework Valuation Assumptions
• Neutral Sentiment: Several news aggregators and market rundowns flagged Baker Hughes as a stock to watch today following the Waygate sale and recent analyst commentary — increased attention can amplify intraday moves but doesn’t by itself change fundamentals. 4 stocks to watch on Monday: RVMD, GS, BKR, MCD

Baker Hughes Company Profile

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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