California State Teachers Retirement System 13F: Cuts BKR Stake by $2.7M
CalSTRS has trimmed its position in Baker Hughes Company, reducing its holdings as the stock navigates recent market movements.
Reviewed by automated data checks against the source filing. How we make and check alerts
California State Teachers Retirement System sold 47,050 shares from its stake in Baker Hughes Company ($BKR), a 1.51% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 3,072,684 shares worth $174.16 million at the end of the quarter.
Since the filing, $BKR is up 0.8% after 1 week, down 9.3% after 1 month and down 15.6% to date (from the $65.97 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
BKR
Baker Hughes Company
Key Points
- California State Teachers Retirement System trimmed its stake in Baker Hughes Company (BKR) by 47,050 shares, bringing its total to 3,072,684 shares valued at approximately $174.2 million as of May 18, 2026.
- Baker Hughes shares closed at $56.68 on the day of publication, down from a previous close of $57.25, reflecting a downward trend in the stock price amid market fluctuations.
- Analysts maintain a consensus 'buy' rating for Baker Hughes, with a mean price target of $72.30, indicating potential upside from current levels.
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CalSTRS Trims Its Position in Baker Hughes
California State Teachers Retirement System trimmed its stake in Baker Hughes Company (BKR) by 47,050 shares, reducing its holdings to 3,072,684 shares valued at about $174.2 million as of May 18, 2026. This represents a 1.5% decrease in its position, reflecting the pension fund's strategy to adjust its investments in the energy sector.
Institutional Moves
In recent activity, there were no reported changes from other funds regarding Baker Hughes. However, Intech Investment Management notably increased its stake in Baker Hughes earlier this month, boosting its position by 356.76% with an addition of 177,059 shares.
How Baker Hughes Company Stock Has Traded
Baker Hughes shares traded at $56.68 on the day this article is published, down from a closing price of $57.25. The stock is currently hovering between its 52-week low of $43.92 and high of $70.41, showing volatility in the market.
Recent Earnings
For the quarter ended June 30, 2026, Baker Hughes reported revenues of approximately $27.73 billion, reflecting a slight decline in revenue growth. The company's earnings per share (EPS) stood at $3.11, with a net margin of 11.17%. The next earnings report is scheduled for October 22, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 16.2%. Revenue beat estimates by 3.0%.
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Profit surprise
EBITDA beat by 11 percent. Operating income beat by 8 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 10 target raises.
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Earnings quality
Operating margin up 0.6 points. Positive free cash flow.
Earnings Call Summary
Baker Hughes delivered a strong first quarter with adjusted earnings per share of $0.58, beating expectations of $0.50. Energy infrastructure orders hit a record $4.9 billion, driven by data center power demand and liquefied natural gas projects. The Middle East conflict caused some disruption but strong performance elsewhere, particularly in power systems and gas compression, more than offset those challenges.
Guidance Baker Hughes reaffirmed its full year revenue and earnings targets. They expect about $6.5 billion in second quarter revenue and $1.13 billion in adjusted EBITDA. Management assumes the Middle East conflict continues through June, then gradually improves in the second half of the year.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Insider Buying and Selling at Baker Hughes Company
On June 12, 2026, Lorenzo Simonelli, Chairman, President, and CEO of Baker Hughes, sold 181,411 shares at an average price of $63.36, totaling approximately $11.49 million. This transaction was part of a planned selling strategy.
Analysts Set New Price Targets
On September 30, 2026, UBS maintained a 'Neutral' rating on Baker Hughes with a price target of $69.00, down from $72.00. Jefferies also kept a 'Buy' rating with a target of $77.00, reduced from $80.00. The consensus among analysts remains positive, with a mean price target of $72.30 based on 23 opinions.
What Baker Hughes Company Does
Baker Hughes Company provides a range of technologies and services for the energy and industrial sectors. It supports oil and gas companies with various solutions, including drilling services and equipment for oilfield operations. This recent trim by CalSTRS reflects ongoing adjustments as the company navigates a changing market landscape.
What’s Next for Baker Hughes
Investors will be watching Baker Hughes closely as it prepares for its next earnings report on October 22, 2026. The recent 13F filing from CalSTRS highlights shifts in institutional holdings, which could signal broader market trends in the energy sector.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $BKR (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts