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

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Baker Hughes Company (NASDAQ:BKR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 699,083 shares of the company’s stock, valued at approximately $38,380,000. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Baker Hughes at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BKR. Amundi raised its stake in shares of Baker Hughes by 28.2% during the 1st quarter. Amundi now owns 10,946,464 shares of the company’s stock worth $668,282,000 after purchasing an additional 2,409,978 shares in the last quarter. First Trust Advisors LP grew its position in shares of Baker Hughes by 4.0% in the first quarter. First Trust Advisors LP now owns 9,663,737 shares of the company’s stock valued at $589,971,000 after purchasing an additional 374,974 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Baker Hughes by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 6,738,599 shares of the company’s stock valued at $411,391,000 after purchasing an additional 119,388 shares during the period. Bank of America Corp DE grew its holdings in Baker Hughes by 5.1% in the 1st quarter. Bank of America Corp DE now owns 3,837,618 shares of the company’s stock valued at $234,287,000 after buying an additional 184,897 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Baker Hughes by 2.1% in the 1st quarter. Bessemer Group Inc. now owns 3,565,158 shares of the company’s stock valued at $217,652,000 after buying an additional 73,836 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

More Baker Hughes News

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 BKR opened at $55.23 on Monday. The firm has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $60.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 0.90. Baker Hughes Company has a one year low of $44.26 and a one year high of $70.41. The company has a market cap of $54.83 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.62 and a beta of 1.04.

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

Baker Hughes Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Baker Hughes from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday. Morgan Stanley decreased 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 note on Thursday. Stifel Nicolaus raised their price target on shares of Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Piper Sandler lowered their price objective on Baker Hughes from $73.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, TD Cowen boosted their price target on Baker Hughes from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday. Two investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.