Baker Hughes Company $BKR Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 11.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,022,804 shares of the company’s stock after purchasing an additional 107,565 shares during the period. New York State Common Retirement Fund owned 0.10% of Baker Hughes worth $49,831,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. raised its stake in Baker Hughes by 104.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after acquiring an additional 337 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Baker Hughes during the second quarter valued at approximately $36,000. Harbour Investments Inc. raised its position in shares of Baker Hughes by 61.7% during the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after purchasing an additional 326 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in shares of Baker Hughes in the 2nd quarter worth approximately $36,000. Finally, Spire Wealth Management boosted its position in Baker Hughes by 357.8% during the 3rd quarter. Spire Wealth Management now owns 1,021 shares of the company’s stock valued at $50,000 after purchasing an additional 798 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Price Performance

NASDAQ BKR opened at $56.73 on Friday. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $58.50. The firm has a market capitalization of $55.98 billion, a PE ratio of 21.82, a P/E/G ratio of 1.76 and a beta of 0.89. The company’s 50 day simple moving average is $49.14 and its 200 day simple moving average is $46.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Sunday, January 25th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.51% and a net margin of 9.33%.The firm had revenue of $7.39 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company posted $0.70 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

BKR has been the topic of several analyst reports. TD Cowen increased their target price on Baker Hughes from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday. HSBC increased their price objective on shares of Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 27th. BMO Capital Markets boosted their target price on shares of Baker Hughes from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday. Industrial Alliance Securities set a $60.00 price target on shares of Baker Hughes in a research note on Tuesday. Finally, Evercore ISI set a $54.00 price target on Baker Hughes in a report on Monday, October 27th. Twenty-one research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.58.

Key Stories Impacting Baker Hughes

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

• Positive Sentiment: Record IET backlog and new energy‑transition deals drove a sharp rally in the stock, highlighting stronger service demand and better visibility for future revenue. Baker Hughes (BKR) Is Up 5.7% After Record IET Backlog And New Energy Transition Deals – Has The Bull Case Changed?
• Positive Sentiment: Piper Sandler raised its price target to $61 and kept an overweight rating, adding institutional confidence and buy‑side momentum. Piper Sandler adjusts Baker Hughes price target to $61
• Positive Sentiment: UBS raised its PT to $61 (from $54), signaling peers see upside even from a neutral stance—another vote of confidence for the company’s outlook. UBS raises Baker Hughes price target to $61
• Positive Sentiment: Argus lifted its target to $67, indicating some analysts view a materially higher fair value—this can support further price appreciation if momentum continues. Argus raises price target on Baker Hughes to $67
• Positive Sentiment: JPMorgan raised its price target to $60, adding to the cluster of upward revisions that can attract momentum and fund flows. JPMorgan Chase & Co. Boosts Baker Hughes Price Target to $60
• Positive Sentiment: Operational wins in clean‑energy projects: Baker Hughes secured multiple orders for the Wabash Valley clean ammonia fertilizer project—concrete bookings that support energy‑transition revenue. Baker Hughes Secures Multiple Orders to Advance Wabash Valley Resources’ Clean Ammonia Fertilizer Project
• Positive Sentiment: Strategic collaboration expanded with Hydrostor to advance resilient, sustainable power systems—strengthens the company’s portfolio in grid/storage solutions. Baker Hughes and Hydrostor deepen strategic collaboration
• Positive Sentiment: Third‑party outlets (Capital One, Zephirin Group) published bullish forecasts for BKR, reinforcing broader market sentiment and analyst focus. Capital One Forecasts Strong Price Appreciation for Baker Hughes
• Neutral Sentiment: Earnings call transcript and valuation commentary are available for investors doing deeper due diligence; these sources provide context but did not drive a discrete negative reaction. Baker Hughes Q4 2025 earnings call transcript
• Neutral Sentiment: Reported short‑interest data appears inconsistent/zero and offers no clear bearish signal—treat it as unreliable until clarified.

Baker Hughes Company Profile

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.