Ninety One SA (Pty) 13F: Exits Baker Hughes (BKR) Stake

Inside Ninety One SA's Baker Hughes Trade

Ninety One SA completely closed out its investment in Baker Hughes Company (NasdaqGS: BKR), selling its entire remaining stake of 16,790 shares. Form 13F filings filed with the SEC are backward-looking documents that reveal institutional holdings as of the end of the reporting period and may not reflect current trades. Because this move represents an absolute exit, the fund dropped its position by 100.0% from its previous count of 16,790 shares.

Other Institutional Activity in Baker Hughes

Other large asset managers also adjusted their positions in the energy tech company during the period. Blackrock Inc. grew its holdings by 1,589,685 shares, ending with 99,116,387 shares worth about $5,520,782,831 following a 1.6% increase. JPMORGAN CHASE & CO lifted its stake by 11,738,386 shares, finishing with 69,935,638 shares valued at roughly $3,895,415,089 after a 20.2% increase. Vanguard Capital Management LLC added 603,721 shares for a 0.9% bump, holding 64,829,367 shares worth approximately $3,610,995,791. State Street Corporation trimmed its position by 376,738 shares, dropping 0.6% to end with 64,578,131 shares valued at about $3,597,001,945. Finally, Vanguard Portfolio Management LLC boosted its stake by 263,429 shares, a 0.5% rise that left it with 49,046,664 shares worth roughly $2,731,899,222.

Baker Hughes Company Stock Up 2.5%

Baker Hughes shares recently traded around $55.75 as of October 16, 2026. The stock sits below its 50-day moving average of $59.94 and below its 200-day moving average of $59.85. The share price rests 20.8% under its 52-week high of $70.41 and 26.0% above its 52-week low of $44.26.

Recent Earnings

Baker Hughes reported trailing-twelve-month revenue of $27,725,000,704 alongside trailing earnings of $3.11 per share. The company generated a net profit margin of 11.2% and a return on equity of 16.5%, paired with a year-over-year revenue contraction of 2.4%. Investors look toward the company's next earnings report scheduled for October 27, 2026.

Dividend

Baker Hughes pays an annual dividend rate of $0.92 per share, which translates to a dividend yield of 1.69%. The company allocates 29.6% of its earnings toward dividend payouts.

Insider Buying and Selling at Baker Hughes Company

Company insiders executed several stock sales prior to the filing. Lorenzo Simonelli, Chairman, President and CEO, sold 181,411 shares on June 12, 2026, at an average price of $63.36 under a planned 10b5-1 schedule, totaling $11,494,200.96. Ahmed Farhan Moghal, Chief Financial Officer, sold 23,392 shares on June 15, 2026, at an average price of $62.38 for a total of $1,459,193.00. Lorenzo Simonelli later sold another 181,411 shares on June 22, 2026, at an average price of $58.43 worth $10,599,845.00. Maria Claudia Borras sold 72,000 shares on July 1, 2026, at an average price of $55.05 for a total of $3,963,600.00.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing period. On September 10, 2026, Susquehanna maintained its Positive rating while lifting its price target to $75.00 from $72.00. On the same day, UBS kept a Neutral rating while trimming its target from $71.00 to $70.00. UBS adjusted its target again on September 14, 2026, moving it from $70.00 to $72.00 while maintaining a Neutral stance. Jefferies kept a Buy rating on September 29, 2026, lowering its target from $80.00 to $77.00. UBS returned on September 30, 2026, to maintain a Neutral rating while reducing its price target from $72.00 to $69.00. Across 24 analyst opinions, the stock carries a consensus buy recommendation and a mean price target of $71.17.

About Baker Hughes Company

Headquartered in Houston, Texas, Baker Hughes Company provides technology and services to the energy and industrial sectors worldwide. The enterprise operates an oilfield services and equipment division that builds equipment used in onshore and offshore exploration, appraisal, and production operations. With 54,000 employees, the company supports operations across the oil and gas value chain.

Bottom Line

Ninety One SA's decision to close out its position removes Baker Hughes from its portfolio as of the reported period. Market participants continue to watch upcoming corporate earnings on October 27, 2026, for further updates on operational performance.