Barclays PLC Has $162.43 Million Holdings in Baker Hughes Company $BKR

Key Points

• Barclays PLC cut its stake in Baker Hughes by 26.2%, selling 1,184,481 shares and leaving it with 3,333,953 shares valued at $162.43 million (about 0.34% of the company).
• Baker Hughes priced $6.5 billion of U.S. senior notes and €3 billion of euro notes to help fund the Chart Industries acquisition, while analysts remain largely positive (20 Buy, 2 Hold) with a consensus price target of about $59.61.
• Large insider selling could weigh on sentiment: CEO Lorenzo Simonelli sold 272,593 shares (~$16.7M) on March 4, and insiders have sold 312,594 shares in the past 90 days, leaving insiders with roughly 0.27% ownership.

Barclays PLC cut its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 26.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,333,953 shares of the company's stock after selling 1,184,481 shares during the period. Barclays PLC owned approximately 0.34% of Baker Hughes worth $162,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BKR. Activest Wealth Management increased its holdings in shares of Baker Hughes by 1,242.5% during the 3rd quarter. Activest Wealth Management now owns 537 shares of the company's stock worth $26,000 after purchasing an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of 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 buying an additional 337 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Baker Hughes in the second quarter valued at about $36,000. LFA Lugano Financial Advisors SA acquired a new stake in Baker Hughes during the second quarter worth about $36,000. Finally, Spire Wealth Management grew its position in Baker Hughes by 357.8% during the third quarter. Spire Wealth Management now owns 1,021 shares of the company's stock worth $50,000 after buying an additional 798 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Evercore reaffirmed an "outperform" rating and issued a $68.00 price target on shares of Baker Hughes in a report on Wednesday, February 11th. Piper Sandler lifted their price objective on Baker Hughes from $52.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, January 28th. Jefferies Financial Group boosted their price objective on Baker Hughes from $59.00 to $67.00 and gave the company a "buy" rating in a research report on Saturday, January 31st. Susquehanna upped their target price on Baker Hughes from $58.00 to $65.00 and gave the company a "positive" rating in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $57.00 target price on shares of Baker Hughes in a research report on Thursday, January 15th. Twenty analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and a consensus price target of $59.61.

Insider Buying and Selling

In other news, Director William G. Beattie sold 18,023 shares of the business's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $57.29, for a total value of $1,032,537.67. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Rebecca L. Charlton sold 843 shares of the company's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $56.34, for a total transaction of $47,494.62. Following the completion of the sale, the chief accounting officer directly owned 14,019 shares in the company, valued at approximately $789,830.46. The trade was a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 312,594 shares of company stock valued at $18,986,302. 0.27% of the stock is currently owned by insiders.

Baker Hughes Stock Down 0.6%

Shares of BKR opened at $59.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $56.13 and a two-hundred day moving average price of $50.32. The stock has a market cap of $59.11 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 1.62 and a beta of 0.83. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $67.00.

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

Baker Hughes Dividend Announcement

The business also recently declared 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%.

Trending Headlines about Baker Hughes

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

• Positive Sentiment: Baker Hughes’ weekly rig count showed U.S. drillers added oil and gas rigs for the first time in four weeks, a sign of improving activity that supports demand for BKR’s services. US drillers add oil, gas rigs for first time in four weeks, Baker Hughes says
• Positive Sentiment: Baker Hughes successfully priced $6.5B of U.S. senior notes and €3B of euro notes across multiple maturities; the sales show investor demand and provide cash to help fund the Chart Industries takeover. Baker Hughes Successfully Prices $6.5 Billion and €3 Billion Offerings of Senior Notes
• Positive Sentiment: At least one sell-side note expects upside for BKR, providing support to the equity narrative. Baker Hughes NASDAQ: BKR Stock Price Expected to Rise, BMO Capital Markets Analyst Says
• Positive Sentiment: Widening geopolitical risk after the death of Iran’s Supreme Leader is reshaping energy markets; higher oil-price risk can boost activity and service revenues over time. The Iran War Is Reshaping Energy Markets and These Stocks Win Big
• Neutral Sentiment: Earlier media reports said Baker Hughes planned a ~$10B cross-border bond sale to help finance the Chart acquisition—this was a precursor to the priced notes and mostly confirms the financing plan. Baker Hughes Plans $10 Billion Bond Sale to Finance Chart Industries Acquisition
• Neutral Sentiment: Reported short-interest figures are showing zero shares (likely a data/ reporting artifact) and are not informative for current positioning. (Data entry)
• Negative Sentiment: CEO Lorenzo Simonelli sold 272,593 shares (~$16.7M) on March 4, reducing his stake by ~29% — a large insider sale that can weigh on sentiment. SEC filing: SEC Form 4
• Negative Sentiment: Multiple other recent insider sales are documented (Quiver summary), which may amplify investor concern about insider liquidity and timing around the Chart acquisition. Quiver: Debt offerings and insider activity

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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