TD Asset Management Inc Acquires 13,068 Shares of Baker Hughes Company $BKR

Posted by George Bondi on Jun 8th, 2026

TD Asset Management Inc lifted its holdings in Baker Hughes Company (NASDAQ:BKR – Free Report) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 420,803 shares of the company’s stock after purchasing an additional 13,068 shares during the period. TD Asset Management Inc’s holdings in Baker Hughes were worth $19,163,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Cibc World Market Inc. increased its stake in shares of Baker Hughes by 5.0% in the fourth quarter. Cibc World Market Inc. now owns 870,912 shares of the company’s stock worth $39,661,000 after purchasing an additional 41,096 shares during the period. WCG Wealth Advisors LLC bought a new position in shares of Baker Hughes in the fourth quarter worth about $4,435,000. CIBC Asset Management Inc increased its stake in shares of Baker Hughes by 35.1% in the fourth quarter. CIBC Asset Management Inc now owns 413,187 shares of the company’s stock worth $18,817,000 after purchasing an additional 107,283 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Baker Hughes by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 6,619,211 shares of the company’s stock worth $301,439,000 after purchasing an additional 39,084 shares during the period. Finally, Kesler Norman & Wride LLC increased its stake in shares of Baker Hughes by 16.7% in the fourth quarter. Kesler Norman & Wride LLC now owns 28,777 shares of the company’s stock worth $1,311,000 after purchasing an additional 4,125 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Price Performance

BKR stock opened at $62.59 on Monday. Baker Hughes Company has a twelve month low of $37.38 and a twelve month high of $70.41. The company has a market cap of $62.09 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.93. The business’s 50-day simple moving average is $63.91 and its 200 day simple moving average is $57.41. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79.

Baker Hughes (NASDAQ:BKR – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.71 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. On average, research analysts anticipate that Baker Hughes Company will post 2.31 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Baker Hughes’s payout ratio is presently 29.39%.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Baker Hughes from $80.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Piper Sandler lifted their target price on Baker Hughes from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Capital One Financial lifted their target price on Baker Hughes from $66.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded Baker Hughes from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Barclays reissued an “equal weight” rating and set a $74.00 target price (up from $62.00) on shares of Baker Hughes in a research report on Thursday, May 7th. Eighteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.14.

View Our Latest Stock Report on Baker Hughes

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, insider Maria Georgia Magno sold 5,063 shares of Baker Hughes stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $59.04, for a total transaction of $298,919.52. Following the sale, the insider directly owned 15,555 shares of the company’s stock, valued at approximately $918,367.20. The trade was a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lorenzo Simonelli sold 272,594 shares of Baker Hughes stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total value of $16,025,801.26. Following the sale, the chief executive officer directly owned 866,444 shares in the company, valued at $50,938,242.76. The trade was a 23.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 282,745 shares of company stock valued at $16,651,472. 0.19% of the stock is currently owned by corporate insiders.

Baker Hughes Profile

(Free Report)

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.