Public Employees Retirement System of Ohio Makes New $16.31 Million Investment in Baker Hughes Company $BKR

Posted by George Bondi on Aug 30th, 2026

Public Employees Retirement System of Ohio bought a new stake in Baker Hughes Company (NASDAQ:BKR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 293,904 shares of the company’s stock, valued at approximately $16,312,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cardano Risk Management B.V. raised its holdings in Baker Hughes by 1,005.1% in the 4th quarter. Cardano Risk Management B.V. now owns 49,353,310 shares of the company’s stock valued at $2,247,550,000 after buying an additional 44,887,481 shares during the last quarter. Norges Bank acquired a new position in Baker Hughes in the 4th quarter valued at approximately $1,022,491,000. Price T Rowe Associates Inc. MD increased its position in Baker Hughes by 58.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,635,780 shares of the company’s stock valued at $529,896,000 after acquiring an additional 4,278,573 shares during the period. Bessemer Group Inc. raised its stake in shares of 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 acquiring an additional 3,464,637 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Baker Hughes during the fourth quarter valued at $144,262,000. 92.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Baker Hughes news, CAO Rebecca L. Charlton sold 5,088 shares of the firm’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 directly owned 15,997 shares in the company, valued at approximately $1,027,327.34. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lorenzo Simonelli sold 181,411 shares of Baker Hughes 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 sale, the chief executive officer directly 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. 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 sold 367,910 shares of company stock valued at $22,420,797 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR opened at $62.41 on Friday. Baker Hughes Company has a 52-week low of $43.92 and a 52-week high of $70.41. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.76 and a current ratio of 2.09. The business’s 50 day moving average price is $59.26 and its two-hundred day moving average price is $61.45. The firm has a market cap of $61.95 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Baker Hughes (NASDAQ:BKR – Get Free Report) last announced its quarterly earnings data on Sunday, July 26th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.51 by $0.13. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. On average, equities analysts anticipate that Baker Hughes Company will post 2.51 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, August 7th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.92 annualized dividend and a yield of 1.5%. Baker Hughes’s dividend payout ratio is currently 29.68%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BKR. TD Cowen upped their price target on Baker Hughes from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings lowered shares of Baker Hughes from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of Baker Hughes from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Capital One Financial lifted their target price on shares of Baker Hughes from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Morgan Stanley initiated coverage on shares of Baker Hughes in a report on Friday, August 7th. They issued an “overweight” rating and a $70.00 target price on the stock. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and an average price target of $70.67.

Check Out Our Latest Stock Report on Baker Hughes

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.