Baker Hughes Slides as Investors Focus on Near-Term Chart Integration Headwinds

Baker Hughes (BKR) is down 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to investor concern over the newly detailed near-term impact from the Chart Industries acquisition, even though Baker Hughes lifted its full-year 2026 outlook to include the deal. The market likely focused on softer near-term margins, weaker hydrogen demand, LNG project timing, and a heavy fourth-quarter earnings weighting for the Chart segment.

Details:

Baker Hughes filed an investor presentation for its September 9 conference that added Chart to fiscal 2026 guidance, with companywide revenue of $28.5 billion to $30.3 billion and adjusted EBITDA of $4.875 billion to $5.475 billion.

The core OFSE and IET businesses were described as staying on track, suggesting the main debate shifted to how Chart will perform after the mid-July close.

Management said Chart results in the second half of 2026 are being pressured by LNG equipment timing, soft hydrogen demand, and several first-of-a-kind projects that carry lower margin profiles.

The presentation also showed Chart EBITDA is expected to be weighted 55% to 65% toward the fourth quarter, while free-cash-flow conversion for Baker Hughes was set at 40% to 45% because of acquisition-related interest, transaction, and integration costs.

Sources:

SEC, Baker Hughes, Stock Analysis

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 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 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) has made 0 purchases and 2 sales selling 362,822 shares for an estimated $22,094,045.
MARIA C BORRAS (Chief Growth & Experience Ofcr) sold 60,626 shares for an estimated $3,302,298
AHMED FARHAN MOGHAL (EVP, Chief Financial Officer) has made 0 purchases and 2 sales selling 23,392 shares for an estimated $1,459,192.
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) sold 12,261 shares for an estimated $814,375
REBECCA L CHARLTON (SVP, Controller & CAO) sold 5,088 shares for an estimated $326,751

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$BKR Hedge Fund Activity

We have seen 572 institutional investors add shares of $BKR stock to their portfolio, and 599 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 69,935,638 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,881,427,909
INVESCO LTD. added 20,656,854 shares (+140.7%) to their portfolio in Q2 2026, for an estimated $1,146,455,397
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 8,614,262 shares (+inf%) to their portfolio in Q2 2026, for an estimated $478,091,541
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 4,984,914 shares (+224.9%) to their portfolio in Q2 2026, for an estimated $276,662,727
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 4,005,088 shares (+29.2%) to their portfolio in Q2 2026, for an estimated $222,282,384
MARSHALL WACE, LLP removed 3,094,822 shares (-82.8%) from their portfolio in Q2 2026, for an estimated $171,762,621
DEUTSCHE BANK AG\ added 2,524,894 shares (+56.1%) to their portfolio in Q2 2026, for an estimated $140,131,617

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$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 $74.0.

Here are some recent targets:

Charles Minervino from Susquehanna set a target price of $70.0 on 07/08/2026
Scott Gruber from Citigroup set a target price of $75.0 on 07/08/2026
Marc Bianchi from TD Cowen set a target price of $77.0 on 07/02/2026
David Anderson from Barclays set a target price of $74.0 on 05/08/2026
Phillip Jungwirth from BMO Capital set a target price of $80.0 on 04/27/2026
Arun Jayaram from JP Morgan set a target price of $74.0 on 04/27/2026
Josh Silverstein from UBS set a target price of $73.0 on 04/27/2026

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.