At the forefront is
Groupama Asset Management and
Korea Investment CORP acquiring shares of
Baker Hughes Company BKR. Conversely,
HSBC Holdings PLC and
BNP PARIBAS ASSET MANAGEMENT have divested large share quantities. Notwithstanding,
Tocqueville Asset Management L.P. and
Fuller & Thaler Asset Management Inc. have raised their stock positions. Yet,
Baker Hughes has been trading at a purported 27% discount and has experienced a decrease of 4.1% since the last earnings report. Despite such, the firm receives an
average moderate buy from brokers and has been lauded by prominent analysts like
Jim Cramer.
Baker Hughes has been outstanding due to a successful bet on tech which sets them ahead of their competition. Similarly, their massive
$13.6 billion acquisition of
Chart Industries in a landmark
energy tech deal demonstrates bold, strategic decisions. Despite some turbulent market periods, overall
Baker Hughes has proven resilient, making strategic acquisitions and sales. For instance, the
sale of PSI product line generated $1.15B in cash. Looking forward,
Baker Hughes remains an interesting prospect in the market.
Baker Hughes Company BKR News Analytics from Sun, 26 Jan 2025 08:00:00 GMT to Sat, 23 Aug 2025 22:51:55 GMT -
