Equitable Trust Co. Takes Position in Baker Hughes Company $BKR

Posted by Francis Steltz on Jul 10th, 2026

Equitable Trust Co. purchased a new stake in Baker Hughes Company (NASDAQ:BKR – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 161,530 shares of the company’s stock, valued at approximately $9,861,000.

A number of other institutional investors have also recently added to or reduced their stakes in BKR. EFG International AG purchased a new stake in Baker Hughes in the 4th quarter valued at $26,000. Cullen Frost Bankers Inc. raised its holdings in shares of Baker Hughes by 344.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock worth $27,000 after acquiring an additional 468 shares during the period. Quarry LP purchased a new position in shares of Baker Hughes during the 4th quarter worth $31,000. MV Capital Management Inc. acquired a new position in shares of Baker Hughes during the 4th quarter valued at about $34,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of Baker Hughes during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR opened at $57.20 on Friday. The firm has a 50-day simple moving average of $62.00 and a two-hundred day simple moving average of $59.14. The stock has a market cap of $56.75 billion, a PE ratio of 18.27, a P/E/G ratio of 2.06 and a beta of 0.96. Baker Hughes Company has a 1-year low of $38.37 and a 1-year high of $70.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77.

Baker Hughes (NASDAQ:BKR – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.49 by $0.09. The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. As a group, analysts forecast that Baker Hughes Company will post 2.29 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Baker Hughes’s payout ratio is presently 29.39%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. HSBC raised their price objective on shares of Baker Hughes from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Piper Sandler boosted their target price on shares of Baker Hughes from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. BMO Capital Markets increased their price target on shares of Baker Hughes from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Evercore restated an “outperform” rating and set a $76.00 price target on shares of Baker Hughes in a report on Monday, April 27th. Finally, Barclays reaffirmed an “equal weight” rating and set a $74.00 price target (up from $62.00) on shares of Baker Hughes in a research report on Thursday, May 7th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.14.

View Our Latest Stock Report on BKR

Key Stories Impacting Baker Hughes

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

Positive Sentiment: Baker Hughes announced substantial equipment and services awards for Cheniere’s Sabine Pass LNG expansion, including liquefaction equipment, compressors, gas turbines, and upgrade work. The deal reinforces Baker Hughes’ LNG exposure and adds visibility to future revenue. Baker Hughes Secures Substantial Equipment and Services Awards for Cheniere’s Sabine Pass LNG Facility
Positive Sentiment: Baker Hughes also expanded its power-growth strategy with a multi-year agreement with Kodiak Gas Services to support U.S. data center demand, including a pathway to roughly 1.8 GW of power over time. Investors may view this as another sign the company is benefiting from the AI-driven electricity buildout. Kodiak Gas Services, Baker Hughes Announce Multi-Year Gas Turbine Order Agreement to Support U.S. Data Center Growth
Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $70 price target, while other firms including Susquehanna and TD Cowen also highlighted upside through target and rating updates. That steady analyst support can help reinforce bullish sentiment. Baker Hughes coverage and price target update
Positive Sentiment: Reports that Baker Hughes is set to win conditional E.U. approval for its Chart Industries deal could remove an overhang tied to the transaction and improve the market’s confidence in the acquisition path. Baker Hughes set to win conditional E.U. approval for Chart Industries deal
Neutral Sentiment: Several articles framed Baker Hughes as positioned to benefit from the broader energy transition and shifting power demand, but these were more thematic than company-specific catalysts. Can Baker Hughes Benefit From the Energy Shift?
Neutral Sentiment: A separate note said Baker Hughes had a strong prior-session move and that earnings estimate revisions could limit near-term upside. This is more of a valuation/expectations check than a direct negative catalyst. Baker Hughes (BKR) Soars 5.7%: Is Further Upside Left in the Stock?
Negative Sentiment: One headline said Baker Hughes is closing a facility and laying off employees, which could raise concerns about restructuring costs or demand conditions, though details were limited. HBJ: Baker Hughes closing facility, laying off employees

Insiders Place Their Bets

In other news, CEO Lorenzo Simonelli sold 181,411 shares of Baker Hughes stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $58.43, for a total value of $10,599,844.73. Following the completion of the sale, the chief executive officer directly owned 703,444 shares of the company’s stock, valued at approximately $41,102,232.92. The trade was a 20.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total value of $326,751.36. Following the completion of the sale, the chief accounting officer owned 15,997 shares in the company, valued at $1,027,327.34. This represents a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 367,910 shares of company stock worth $22,420,797 over the last 90 days. 0.19% of the stock is owned by 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.