Swedbank AB Lowers Stake in Baker Hughes Company $BKR

Posted by Brian Himes on Jul 9th, 2026

Swedbank AB lowered its position in shares of Baker Hughes Company (NASDAQ:BKR – Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 712,719 shares of the company’s stock after selling 71,367 shares during the quarter. Swedbank AB’s holdings in Baker Hughes were worth $43,511,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. EFG International AG purchased a new position in shares of Baker Hughes during the 4th quarter valued at $26,000. Cullen Frost Bankers Inc. boosted its holdings in Baker Hughes by 344.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock worth $27,000 after buying an additional 468 shares during the period. Quarry LP purchased a new stake in Baker Hughes in the 4th quarter worth $31,000. MV Capital Management Inc. bought a new stake in Baker Hughes during the fourth quarter valued at about $34,000. Finally, Acumen Wealth Advisors LLC bought a new stake in Baker Hughes during the fourth quarter valued at about $35,000. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BKR shares. Zacks Research raised Baker Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Royal Bank Of Canada lifted their target price on Baker Hughes from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Wolfe Research initiated coverage on Baker Hughes in a report on Wednesday. They issued an “outperform” rating and a $70.00 price target on the stock. Argus upped their price target on Baker Hughes from $67.00 to $79.00 in a research note on Friday, May 1st. Finally, Barclays reaffirmed an “equal weight” rating and set a $74.00 price objective (up from $62.00) on shares of Baker Hughes in a report on Thursday, May 7th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Check Out Our Latest Stock Report on Baker Hughes

Insider Buying and Selling at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 181,411 shares of the company’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 sale, the chief executive officer owned 703,444 shares of the company’s stock, valued at $41,102,232.92. This represents a 20.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total transaction of $326,751.36. Following the transaction, the chief accounting officer owned 15,997 shares of the company’s stock, valued at $1,027,327.34. This trade represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 367,910 shares of company stock worth $22,420,797 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Baker Hughes Stock Performance

NASDAQ BKR opened at $57.61 on Thursday. The stock has a market capitalization of $57.15 billion, a PE ratio of 18.41, a P/E/G ratio of 1.95 and a beta of 0.96. The business has a 50 day simple moving average of $62.21 and a two-hundred day simple moving average of $59.05. 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 1-year low of $38.37 and a 1-year high of $70.41.

Baker Hughes (NASDAQ:BKR – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 earnings per share (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 analysts’ expectations of $6.71 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. On average, research analysts predict that Baker Hughes Company will post 2.29 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 5th. Baker Hughes’s payout ratio is currently 29.39%.

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.