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James E. Apostolides, the Senior Vice President of Enterprise Operational Excellence at Baker Hughes Co (NASDAQ:BKR), a $40.75 billion market cap energy technology company with a perfect Piotroski Score of 9 according to InvestingPro, recently executed a notable transaction involving the company’s Class A common stock. According to a recent SEC filing, Apostolides sold 4,660 shares on March 7, 2025, at a price of $42.21 per share, amounting to a total of approximately $196,698. The transaction comes as Baker Hughes shows strong momentum, with the stock gaining over 26% in the past six months and currently trading near its Fair Value based on InvestingPro analysis.
In addition to this sale, Apostolides acquired 17,839 shares on March 10, 2025, without any monetary exchange, as part of performance share units granted in 2022. This acquisition was approved by the Human Capital and Compensation Committee of the Board of Directors. Following these transactions, Apostolides now holds 32,775 shares directly.
The sale was executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks, typically to avoid any potential conflicts of interest.
In other recent news, Baker Hughes has entered into a framework agreement with NextDecade (NASDAQ:NEXT) Corporation to provide gas turbine and refrigerant compressor technology for the Rio Grande LNG Facility. This partnership is part of NextDecade’s plan to expand its liquefaction capacity significantly. Baker Hughes also announced the appointment of Ahmed Moghal as its new Chief Financial Officer, who will play a crucial role in the company’s strategic transformation aimed at profitable growth and margin expansion. Analyst firms have provided various perspectives on Baker Hughes’ stock; Benchmark maintains a Buy rating with a $57 target, highlighting growth drivers in the LNG equipment sector. JPMorgan reiterated an Overweight rating with a $52 target, citing strong performance and strategic initiatives in Gas Tech. UBS increased its price target to $47 but maintained a neutral stance, noting Baker Hughes’ impressive fourth-quarter 2024 results despite some challenges. The company is expected to continue its focus on improving margins and leveraging its Industrial & Energy Technology portfolio. These developments indicate a period of strategic growth and operational focus for Baker Hughes.
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