State of Michigan Retirement System Has $11.76 Million Stock Holdings in Baker Hughes Company $BKR

State of Michigan Retirement System trimmed its position in shares of Baker Hughes Company (NASDAQ:BKR) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,312 shares of the company’s stock after selling 8,300 shares during the quarter. State of Michigan Retirement System’s holdings in Baker Hughes were worth $11,764,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Krilogy Financial LLC lifted its stake in shares of Baker Hughes by 3.2% in the fourth quarter. Krilogy Financial LLC now owns 5,722 shares of the company’s stock worth $261,000 after acquiring an additional 180 shares during the period. Formidable Asset Management LLC lifted its stake in shares of Baker Hughes by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 7,341 shares of the company’s stock worth $358,000 after acquiring an additional 225 shares during the period. CoreCap Advisors LLC lifted its stake in shares of Baker Hughes by 16.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,619 shares of the company’s stock worth $74,000 after acquiring an additional 228 shares during the period. AMG National Trust Bank lifted its stake in shares of Baker Hughes by 3.7% in the third quarter. AMG National Trust Bank now owns 6,831 shares of the company’s stock worth $333,000 after acquiring an additional 246 shares during the period. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Baker Hughes by 45.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 811 shares of the company’s stock worth $37,000 after acquiring an additional 252 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BKR shares. TD Cowen lifted their price objective on Baker Hughes from $64.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler lifted their price objective on Baker Hughes from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Citigroup lifted their price objective on Baker Hughes from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada lifted their price objective on Baker Hughes from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, UBS Group lifted their price objective on Baker Hughes from $69.00 to $73.00 and gave the stock a “neutral” rating in a research note on Monday. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.73.

Insider Transactions at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 843 shares of the business’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 transaction of $47,494.62. Following the completion of the sale, the chief accounting officer owned 14,019 shares in the company, valued at $789,830.46. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Maria Georgia Magno sold 5,063 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $59.04, for a total value of $298,919.52. Following the sale, the insider owned 15,555 shares of the company’s stock, valued at approximately $918,367.20. This represents a 24.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 590,251 shares of company stock worth $35,311,023. Insiders own 0.19% of the company’s stock.

Key Stories Impacting Baker Hughes

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

• Positive Sentiment: Multiple brokerages raised price targets and ratings after Q1, signaling analyst confidence and providing upside for the stock. (Notable raises: HSBC to $85, BMO/Susquehanna/Citigroup to ~$80, JPMorgan to $74, TD Cowen/Stifel to mid‑$70s.) These Analysts Increase Their Forecasts On Baker Hughes After Better-Than-Expected Q1 Results
• Positive Sentiment: Q1 results: EPS beat consensus (reported $0.58 vs. $0.49 expected) and year‑over‑year revenue growth, which investors view as validation of execution despite regional headwinds. Baker Hughes (BKR) Delivers Strong Q1 Results Despite Middle East Disruptions
• Positive Sentiment: Momentum headlines: coverage notes the stock is trading at its highest levels since 2014 and contributing to gains in the Nasdaq — momentum that attracts momentum/trend buyers. Baker Hughes stock trades at highest level since 2014 after recent surge
• Neutral Sentiment: Market commentary notes Baker Hughes helped boost the Nasdaq composite, reflecting sector strength rather than company‑specific news in some coverage. Baker Hughes Signals Strength With Nasdaq Composite Index Boost
• Negative Sentiment: Intraday pullback: despite bullish fundamental/analyst signals, shares are weaker today — likely profit‑taking after the recent run; trading volume is slightly below average, which can amplify intraday moves. (Technicals: price remains above the 50‑ and 200‑day averages.)

Baker Hughes Price Performance

Shares of BKR opened at $67.67 on Wednesday. Baker Hughes Company has a 52-week low of $34.56 and a 52-week high of $70.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. The business’s 50 day moving average price is $61.63 and its two-hundred day moving average price is $54.08. The firm has a market cap of $66.87 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR) last issued its quarterly 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 return on equity of 14.17% and a net margin of 11.17%.The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Baker Hughes Company will post 2.39 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. Baker Hughes’s payout ratio is currently 29.39%.

Baker Hughes 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.