Congress Asset Management Co. Has $2.94 Million Stock Position in Baker Hughes Company $BKR

Congress Asset Management Co. lowered its stake in Baker Hughes Company (NASDAQ:BKR) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,524 shares of the company’s stock after selling 8,469 shares during the quarter. Congress Asset Management Co.’s holdings in Baker Hughes were worth $2,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Synergy Asset Management LLC purchased a new position in Baker Hughes during the 3rd quarter worth approximately $1,920,000. Cibc World Market Inc. lifted its holdings in shares of Baker Hughes by 13.6% in the third quarter. Cibc World Market Inc. now owns 829,816 shares of the company’s stock valued at $40,429,000 after purchasing an additional 99,314 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Baker Hughes by 5.4% in the third quarter. Legal & General Group Plc now owns 7,147,684 shares of the company’s stock valued at $348,234,000 after purchasing an additional 367,728 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Baker Hughes by 0.5% in the third quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock worth $6,035,924,000 after buying an additional 598,159 shares during the period. Finally, Johnson Investment Counsel Inc. grew its holdings in shares of Baker Hughes by 10,225.3% during the third quarter. Johnson Investment Counsel Inc. now owns 849,566 shares of the company’s stock valued at $41,391,000 after buying an additional 841,338 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

BKR has been the topic of several recent analyst reports. Jefferies Financial Group upped their price target on Baker Hughes from $59.00 to $67.00 and gave the company a “buy” rating in a research report on Saturday, January 31st. iA Financial set a $60.00 price objective on Baker Hughes in a research report on Tuesday, January 27th. Evercore reaffirmed an “outperform” rating and set a $68.00 target price on shares of Baker Hughes in a research note on Wednesday, February 11th. BMO Capital Markets upped their target price on Baker Hughes from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Finally, Capital One Financial increased their price target on shares of Baker Hughes from $53.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Twenty investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.61.

Key Headlines Impacting Baker Hughes

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

• Positive Sentiment: Baker Hughes announced a strategic collaboration and initial engineering order with XGS Energy to advance a 150‑MW geothermal project in New Mexico — a direct push into clean‑energy revenue streams that can diversify the company beyond oilfield services. XGS Energy and Baker Hughes Announce Strategic Collaboration to Advance Geothermal Development in New Mexico
• Positive Sentiment: Baker Hughes is partnering with Google Cloud to develop AI‑enabled power optimization and sustainability solutions for data centers — positioning BKR to capture services and software revenue from the fast‑growing AI/data‑center market. This expands the company’s addressable market and supports higher‑margin, recurring streams. Baker Hughes Develops AI-Enabled Power Optimization and Sustainability Solutions for Data Centers with Google Cloud Technology
• Positive Sentiment: Analyst/investor writeups highlight BKR as a “picks and shovels” play in the energy transition and traditional services — bullish narratives that can support multiple valuation angles if execution on new energy and digital initiatives continues. Baker Hughes: Best Picks And Shovels Play In The Energy Sector
• Neutral Sentiment: Retail/coverage pieces and community bullish theses (MSN / InsiderMonkey coverage) are driving conversation but provide mixed signals — useful for interest and flows but not direct catalysts. Is Baker Hughes Company (BKR) A Good Stock To Buy Now?
• Neutral Sentiment: Baker‑backed HMH Holding pursuing an IPO (target valuation up to $948M) is a peripheral development that could eventually monetize investments but is not an immediate driver of BKR’s core results. Baker Hughes-backed HMH Holding targets valuation up to $948M in IPO
• Neutral Sentiment: Multiple short‑interest notices report sharp increases but show zero shares / NaN changes, indicating likely data/reporting errors; there’s no clear short‑covering signal to explain today’s move. (These entries are noisy and should be treated cautiously.)
• Negative Sentiment: A Seeking Alpha piece argues BKR’s recent surge makes it ripe for a downgrade — negative narratives and any formal analyst downgrades or profit‑taking can pressure the stock short term despite the strategic wins. Baker Hughes Company’s Surge Makes For A Great Time For A Downgrade

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $62.62 on Thursday. 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 1 year low of $33.60 and a 1 year high of $67.00. The business has a fifty day simple moving average of $59.01 and a 200 day simple moving average of $51.61. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.72 and a beta of 0.83.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, February 17th. Baker Hughes’s payout ratio is currently 35.38%.

Insider Transactions at Baker Hughes

In related 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 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 approximately $789,830.46. The trade was a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Beattie sold 18,023 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total value of $1,032,537.67. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 590,251 shares of company stock worth $35,311,023. 0.27% of the stock is owned by corporate insiders.

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.