Intech Investment Management Adds $10M in Baker Hughes Company ($BKR)
Intech Investment Management boosted its Baker Hughes position by 356.76%, adding 177,059 shares.
Key Points
- Intech Investment Management increased its stake in Baker Hughes by 356.76%, adding 177,059 shares to a total of 226,689 shares valued at $14.39 million as of its latest SEC filing.
- Baker Hughes trades on the NasdaqGS under the ticker BKR, with a market cap of approximately $62.64 billion and a P/E ratio of 20.17.
- Recent insider activity includes planned sales by SVP Charlton Rebecca, while analysts from Citigroup and Barclays have set price targets at $74, maintaining varying ratings.
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Intech Investment Management has significantly increased its investment in Baker Hughes Company (NasdaqGS: BKR). According to its latest SEC filing, the firm boosted its stake by 356.76%, adding 177,059 shares. This brings Intech's total holdings to 226,689 shares, valued at approximately $14.39 million as of the reporting period.
What Changed in Intech Investment Management's Baker Hughes Position
Intech Investment Management's decision to expand its Baker Hughes position marks a substantial increase from its previous holding of 49,630 shares. The firm added 177,059 shares, resulting in a total of 226,689 shares, reflecting a 356.76% increase. This move suggests a strong vote of confidence in Baker Hughes by Intech.
Other Institutional Activity in Baker Hughes
Other major institutional players have also been active in Baker Hughes. BlackRock, Inc. expanded its position by 3,990,210 shares, bringing its total to 97,530,729 shares valued at about $5.95 billion. State Street Corp added 3,543,092 shares, ending with 64,952,530 shares worth approximately $3.97 billion. Meanwhile, JPMorgan Chase & Co reduced its holdings by 28,632,919 shares, now holding 58,196,567 shares valued at $3.53 billion.
Baker Hughes Company Stock Down 9.2%
Shares of Baker Hughes Company (NasdaqGS: BKR) are trading around $63.48. The company has a market capitalization of approximately $62.64 billion and a P/E ratio of 20.17. Its beta is 0.938, indicating lower volatility compared to the market. The stock's 52-week range is between $37.38 and $70.41, with a 50-day moving average of $64.35 and a 200-day moving average of $54.85.
Recent Earnings
In its latest earnings report, Baker Hughes reported revenues of approximately $27.89 billion, reflecting a 2.5% growth. The company achieved an EPS of $3.13 with a net margin of 11.17% and a return on equity of 17.18%. The next earnings announcement is expected on April 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 16.2%. Revenue beat estimates by 3.0%.
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Profit surprise
EBITDA beat by 11 percent. Operating income beat by 8 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 10 target raises.
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Earnings quality
Operating margin up 0.6 points. Positive free cash flow.
Earnings Call Summary
Baker Hughes delivered a strong first quarter with adjusted earnings per share of $0.58, beating expectations of $0.50. Energy infrastructure orders hit a record $4.9 billion, driven by data center power demand and liquefied natural gas projects. The Middle East conflict caused some disruption but strong performance elsewhere, particularly in power systems and gas compression, more than offset those challenges.
Guidance Baker Hughes reaffirmed its full year revenue and earnings targets. They expect about $6.5 billion in second quarter revenue and $1.13 billion in adjusted EBITDA. Management assumes the Middle East conflict continues through June, then gradually improves in the second half of the year.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Baker Hughes offers an annual dividend rate of $0.92, yielding 1.46%. The dividend payout ratio stands at 29.39%.
Insider Buying and Selling at Baker Hughes Company
Recent insider transactions at Baker Hughes include several sales by Senior Vice President, Controller & CAO, Rebecca Charlton. On June 3, 2026, she sold 5,088 shares at an average price of $64.22 as part of a planned sale. On June 1, 2026, Charlton sold another 11,651 shares without a specified price. Additionally, William Beattie and Cynthia Carroll each purchased 2,749 shares on May 19, 2026.
Analysts Set New Price Targets
On June 3, 2026, Citigroup maintained its "buy" rating on Baker Hughes with a price target of $74. On May 8, 2026, Barclays downgraded its rating to "hold" with a target of $74. The consensus among 21 analysts is a "buy" with a mean price target of $71.24.
About Baker Hughes
Baker Hughes Company, based in Houston, Texas, provides a wide range of technologies and services to the energy and industrial sectors. The company operates through segments such as Oilfield Services & Equipment and Industrial & Energy Technology. It serves various clients, including oil and natural gas companies, engineering contractors, and industrial customers. The company employs approximately 53,000 people and is led by CEO Lorenzo Simonelli.
Bottom Line
Intech Investment Management's significant increase in its Baker Hughes stake highlights growing institutional interest in the company. As a major player in the energy sector, Baker Hughes continues to attract attention with its diverse offerings and recent financial performance. Investors will be watching closely as the company approaches its next earnings announcement.
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