Baker Hughes Co. (NASDAQ:BKR) has seen a multitude of investment activity recently. First Trust Advisors LP, Public Employees Retirement Association of Colorado, and Crossmark Global Holdings Inc have all reportedly adjusted their holdings, while entities such as Tower Research Capital LLC TRC and Orion Portfolio Solutions have bought substantial shares. BKR's stock performance varies but retains steadiness amidst surrounding market conditions. It has recently been awarded significant contracts including the Hassi R'Mel Project in Algeria, contributing to Europe's energy security. Their commitment to value and growth is communicated through an increased dividend based on increased international demand and strong Q1 2024 earnings that surpassed revenue forecasts. However, BKR's stock has also registered underperformance against competitors on certain days. A notable 75% gain would have been realized if invested in three years ago. They have also reported strong earnings growth and record adjusted EBIDTA in Q4, with 85% of the company controlled by institutional investors who were recently rewarded. There have been significant stock sales by top executives such as Maria C. Borras adding more dynamics to the company's stock performance. Their involvement in the energy transition and development of hydrogen-ready technology is also noteworthy.
Baker Hughes Company BKR News Analytics from Wed, 13 Dec 2023 08:00:00 GMT to Sun, 09 Jun 2024 17:04:40 GMT -
Rating 5
- Innovation 7
- Information 7
- Rumor -4
