Legal & General Group Plc Sells 352,620 Shares of Baker Hughes Company $BKR

Posted by Geri Gentry on May 27th, 2026

Legal & General Group Plc trimmed its position in shares of Baker Hughes Company (NASDAQ:BKR – Free Report) by 4.9% during the 4th quarter, HoldingsChannel reports. The fund owned 6,795,064 shares of the company’s stock after selling 352,620 shares during the quarter. Legal & General Group Plc’s holdings in Baker Hughes were worth $309,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKR. Capital International Investors bought a new position in Baker Hughes during the third quarter valued at about $729,670,000. Bessemer Group Inc. boosted its holdings in Baker Hughes by 12,983.5% during the fourth quarter. Bessemer Group Inc. now owns 3,491,322 shares of the company’s stock valued at $158,994,000 after purchasing an additional 3,464,637 shares in the last quarter. Capital World Investors boosted its holdings in Baker Hughes by 7.1% during the third quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock valued at $2,316,462,000 after purchasing an additional 3,153,709 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Baker Hughes during the fourth quarter valued at approximately $119,078,000. Finally, First Trust Advisors LP boosted its holdings in Baker Hughes by 25.7% during the third quarter. First Trust Advisors LP now owns 9,325,417 shares of the company’s stock valued at $454,334,000 after purchasing an additional 1,906,384 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BKR shares. Wall Street Zen downgraded Baker Hughes from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. JPMorgan Chase & Co. lifted 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. Stifel Nicolaus lifted their price objective on Baker Hughes from $63.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 27th. Royal Bank Of Canada lifted their price objective on Baker Hughes from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Finally, HSBC lifted their price objective on Baker Hughes from $67.00 to $85.00 and gave the company a “buy” rating in a report on Monday, April 27th. Eighteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $69.41.

Get Our Latest Report on BKR

Baker Hughes Stock Up 1.0%

Shares of BKR opened at $66.73 on Wednesday. The company has a market capitalization of $66.20 billion, a P/E ratio of 21.32, a PEG ratio of 2.35 and a beta of 0.97. 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 Company has a one year low of $36.36 and a one year high of $70.41. The business’s 50 day simple moving average is $63.25 and its 200-day simple moving average is $56.51.

Baker Hughes (NASDAQ:BKR – Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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%.Baker Hughes’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. As a group, sell-side analysts predict that Baker Hughes Company will post 2.31 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 5th. Baker Hughes’s payout ratio is presently 29.39%.

Insider Activity at Baker Hughes

In other news, insider Maria Georgia Magno sold 5,063 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $59.04, for a total value of $298,919.52. Following the transaction, the insider directly owned 15,555 shares of the company’s stock, valued at $918,367.20. The trade was a 24.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lorenzo Simonelli sold 272,594 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total value of $16,025,801.26. Following the completion of the transaction, 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. Insiders sold a total of 550,250 shares of company stock worth $32,988,331 over the last three months. 0.19% of the stock is owned by company insiders.

About Baker Hughes

(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.