Bank of New York Mellon Corp Purchases 119,388 Shares of Baker Hughes Company $BKR

Posted by Brian Himes on Jul 18th, 2026

Bank of New York Mellon Corp grew its holdings in Baker Hughes Company (NASDAQ:BKR – Free Report) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 6,738,599 shares of the company’s stock after acquiring an additional 119,388 shares during the quarter. Bank of New York Mellon Corp’s holdings in Baker Hughes were worth $411,391,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EFG International AG acquired a new position in shares of Baker Hughes during the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. boosted its position in Baker Hughes by 344.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock valued at $27,000 after purchasing an additional 468 shares during the last quarter. Quarry LP acquired a new position in Baker Hughes during the fourth quarter valued at approximately $31,000. MV Capital Management Inc. bought a new position in Baker Hughes in the fourth quarter valued at approximately $34,000. Finally, Acumen Wealth Advisors LLC bought a new position in Baker Hughes in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $60.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Jefferies Financial Group restated a “buy” rating on shares of Baker Hughes in a report on Thursday, July 9th. Susquehanna cut their price target on shares of Baker Hughes from $80.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Wolfe Research started coverage on shares of Baker Hughes in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Baker Hughes from $69.00 to $73.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Read Our Latest Stock Report on Baker Hughes

Baker Hughes Stock Performance

NASDAQ BKR opened at $55.95 on Friday. The firm has a 50-day moving average price of $60.85 and a two-hundred day moving average price of $59.53. Baker Hughes Company has a 12-month low of $38.97 and a 12-month high of $70.41. The company has a market capitalization of $55.51 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.35 and a beta of 0.96. 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 posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $6.59 billion during 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%.Baker Hughes’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Analysts anticipate that Baker Hughes Company will post 2.27 earnings per share for the current year.

Baker Hughes Announces Dividend

The business 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 was Tuesday, May 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Baker Hughes’s dividend payout ratio (DPR) is currently 29.39%.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 181,411 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total transaction of $10,599,844.73. Following the completion of the transaction, the chief executive officer owned 703,444 shares of the company’s stock, valued at approximately $41,102,232.92. This trade represents a 20.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of Baker Hughes stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total value of $326,751.36. Following the transaction, the chief accounting officer directly owned 15,997 shares in the company, valued at $1,027,327.34. The trade was a 24.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 367,910 shares of company stock valued at $22,420,797 over the last quarter. Company insiders own 0.19% of the company’s stock.

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.