State Street Corp Amends Baker Hughes Co Stake Filing
Ticker: BKR · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1701605
| Field | Detail |
|---|---|
| Company | Baker Hughes CO (BKR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Baker Hughes stock, signaling institutional confidence.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Baker Hughes Co common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, investment in the oil and gas equipment company. This matters to investors because State Street's holdings represent a large institutional vote of confidence in Baker Hughes, potentially signaling stability or long-term value, though the exact percentage of ownership is not provided in this excerpt.
Why It Matters
This filing confirms a major institutional investor, State Street Corp, maintains a significant, passive stake in Baker Hughes Co, which can influence market perception and stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risk or significant change in strategy.
Analyst Insight
Investors should note that a major institutional investor like State Street Corp maintains a position in Baker Hughes Co, suggesting long-term confidence, but this filing alone doesn't provide new actionable insights beyond confirming existing institutional ownership.
Key Players & Entities
- State Street Corp (company) — the reporting person and institutional investor
- Baker Hughes Co (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 05722G100 (other) — CUSIP number for Baker Hughes Co common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person, or the entity filing the statement, is STATE STREET CORP, as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP' section.
What is the subject company whose securities are being reported?
The subject company, or the issuer, is BAKER HUGHES CO, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Co' section.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Baker Hughes Co is 05722G100, as listed under 'CUSIP NUMBER: 05722G100' on the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Baker Hughes Co (BKR).