Profund Advisors LLC Sells 17,634 Shares of Baker Hughes Company $BKR

Profund Advisors LLC lowered its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 13.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,920 shares of the company’s stock after selling 17,634 shares during the period. Profund Advisors LLC’s holdings in Baker Hughes were worth $5,980,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BKR. Moss Adams Wealth Advisors LLC increased its position in Baker Hughes by 11.6% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 4,937 shares of the company’s stock valued at $271,000 after acquiring an additional 514 shares in the last quarter. Avestar Capital LLC grew its position in shares of Baker Hughes by 9.1% during the 3rd quarter. Avestar Capital LLC now owns 9,996 shares of the company’s stock worth $549,000 after buying an additional 837 shares during the period. State of Wyoming raised its position in shares of Baker Hughes by 186.8% during the 3rd quarter. State of Wyoming now owns 5,715 shares of the company’s stock valued at $314,000 after acquiring an additional 3,722 shares during the last quarter. Brian Low Financial Group LLC boosted its position in shares of Baker Hughes by 4.2% in the 3rd quarter. Brian Low Financial Group LLC now owns 23,347 shares of the company’s stock worth $1,282,000 after purchasing an additional 942 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its stake in Baker Hughes by 20.0% in the third quarter. Soltis Investment Advisors LLC now owns 5,105 shares of the company’s stock valued at $280,000 after buying an additional 851 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

BKR has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Baker Hughes from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group began coverage on Baker Hughes in a report on Tuesday, September 29th. They issued a “buy” rating and a $71.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Baker Hughes in a research report on Friday, October 9th. Finally, Wall Street Zen cut shares of Baker Hughes from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and an average price target of $71.14.

Baker Hughes Stock Performance

NASDAQ BKR opened at $55.23 on Friday. The firm has a 50-day moving average price of $58.13 and a two-hundred day moving average price of $60.05. The company has a market capitalization of $54.83 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.63 and a beta of 1.04. The company has a quick ratio of 1.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. Baker Hughes Company has a 12-month low of $44.26 and a 12-month high of $70.41.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Baker Hughes had a return on equity of 13.55% and a net margin of 10.08%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.74 billion. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts anticipate that Baker Hughes Company will post 2.58 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 10th. Baker Hughes’s dividend payout ratio (DPR) is 31.72%.

Key Stories Impacting Baker Hughes

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

• Positive Sentiment: Baker Hughes won a major subsea contract from Eni for Cyprus’ Cronos natural-gas project. The award strengthens the company’s deepwater backlog and supports future revenue visibility. Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
• Positive Sentiment: Third-quarter earnings exceeded expectations, with strong Industrial & Energy Technology (IET) performance, a 31% increase in orders and contributions from Chart Industries. Management also raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion, supported by data-center power and LNG demand. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
• Positive Sentiment: Bank of America Securities maintained its Buy rating, indicating continued confidence in Baker Hughes’ earnings and backlog prospects. Bank of America Maintains Buy Rating
• Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained positive ratings—Outperform and Overweight—but reduced their price targets to $70 and $68, respectively, signaling upside while reflecting more cautious valuation assumptions.
• Negative Sentiment: Barclays cut its price target from $72 to $62 and kept an Equal Weight rating. The reduction may weigh on sentiment despite the remaining implied upside.
• Negative Sentiment: Management indicated that some backlog conversion has been pushed beyond 2027. This could delay the timing of revenue and cash-flow benefits from the company’s strong order pipeline. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds

Baker Hughes Company Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.