Baker Hughes slides as investors digest Chart acquisition financing and leverage risk

Baker Hughes Company (BKR) is down 5.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to investor risk-off positioning around Baker Hughes’ large, multi-currency debt financing for its planned Chart Industries acquisition, which can raise near-term leverage and integration-risk concerns. Broader volatility in energy markets has also been a likely contributor as traders reassess the macro outlook amid sharp oil-price swings.

Details:

Baker Hughes priced a sizeable package of senior unsecured notes in U.S. dollars and euros, with proceeds intended to fund part of the cash consideration for the proposed Chart Industries transaction.

The note terms include a special mandatory redemption feature if the acquisition does not close under specified circumstances, highlighting execution and timing uncertainty until all conditions are met.

Market commentary around the financing has focused on how quickly Baker Hughes can de-lever and translate the combined company’s cash flows into balance-sheet support.

Separately, the broader equity tape has been choppy alongside rapid oil-price moves tied to geopolitical headlines, which can pressure sentiment toward energy-related names intraday.

Sources:

Baker Hughes Investor Relations, Simply Wall St, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BKR Insider Trading Activity

$BKR insiders have traded $BKR stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:

LORENZO SIMONELLI (Chairman, President and CEO) sold 272,593 shares for an estimated $16,663,610
MARIA C BORRAS (Chief Growth & Experience Ofcr) sold 54,434 shares for an estimated $3,217,593
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) has made 0 purchases and 3 sales selling 32,040 shares for an estimated $1,853,525.
SREEGANESH RAMASWAMY (EVP, Industrial & Energy Tech) sold 25,000 shares for an estimated $1,250,000
MARIA GEORGIA MAGNO (Chief Legal Officer) sold 19,150 shares for an estimated $1,131,956
AHMED FARHAN MOGHAL (EVP, Chief Financial Officer) sold 18,102 shares for an estimated $1,107,661
WILLIAM G BEATTIE sold 18,023 shares for an estimated $1,032,537
REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 4 sales selling 4,106 shares for an estimated $221,419.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$BKR Hedge Fund Activity

We have seen 508 institutional investors add shares of $BKR stock to their portfolio, and 452 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CARDANO RISK MANAGEMENT B.V. added 44,887,481 shares (+1005.1%) to their portfolio in Q4 2025, for an estimated $2,044,175,884
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 26,067,710 shares (-75.4%) from their portfolio in Q4 2025, for an estimated $1,187,123,513
JPMORGAN CHASE & CO removed 16,142,450 shares (-15.7%) from their portfolio in Q4 2025, for an estimated $735,127,173
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 11,243,248 shares (+876.7%) to their portfolio in Q4 2025, for an estimated $512,017,513
PRICE T ROWE ASSOCIATES INC /MD/ added 4,278,573 shares (+58.2%) to their portfolio in Q4 2025, for an estimated $194,846,214
BESSEMER GROUP INC added 3,464,637 shares (+12983.5%) to their portfolio in Q4 2025, for an estimated $157,779,568
PACER ADVISORS, INC. removed 3,315,070 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $150,968,287

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$BKR Congressional Stock Trading

Members of Congress have traded $BKR stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $BKR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 12/19 and 1 sale worth up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$BKR Analyst Ratings

Wall Street analysts have issued reports on $BKR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/27/2026
Stifel issued a "Buy" rating on 01/21/2026
TD Cowen issued a "Buy" rating on 10/27/2025
Citigroup issued a "Buy" rating on 10/08/2025

To track analyst ratings and price targets for $BKR, check out Quiver Quantitative's $BKR forecast page.

$BKR Price Targets

Multiple analysts have issued price targets for $BKR recently. We have seen 11 analysts offer price targets for $BKR in the last 6 months, with a median target of $63.0.

Here are some recent targets:

James West from Evercore ISI Group set a target price of $68.0 on 02/11/2026
Lloyd Byrne from Jefferies set a target price of $67.0 on 02/02/2026
Stephen Gengaro from Stifel set a target price of $63.0 on 02/02/2026
Josh Silverstein from UBS set a target price of $61.0 on 01/28/2026
Scott Gruber from Citigroup set a target price of $64.0 on 01/28/2026
Phillip Jungwirth from BMO Capital set a target price of $65.0 on 01/27/2026
David Anderson from Barclays set a target price of $57.0 on 01/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.