10 Best Liquefied Natural Gas (LNG) Stocks to Buy in 2025

6. Baker Hughes Company (NASDAQ:BKR)

Number of Hedge Fund Holders: 45

Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. The company also boasts a 40-year track record in the LNG industry and just recently announced that it has signed an agreement with Venture Global to support its LNG projects in the United States with technology and equipment.

Baker Hughes Company (NASDAQ:BKR) had a strong Q4 2024 with a revenue of $7.36 billion, up 7.74% YoY and beating analysts’ estimates by over $293 million. The company also generated free cash flow of $894 million during the quarter and ended Q4 with liquidity of $6.4 billion. Moreover, the company remains committed to returning 60% to 80% of free cash flow to shareholders and distributed $1.3 billion in dividends and share repurchases in 2024. As a result of its strong performance, shares of BKR have surged by over 60% since a year ago.

Baker Hughes Company (NASDAQ:BKR) ended 2024 with total orders of $13 billion, marking the second-highest annual order volume in its history. The company also managed to secure orders for multiple LNG projects, bringing total LNG equipment bookings to almost $2.1 billion for the year.

Shares of Baker Hughes Company (NASDAQ:BKR) were held by 45 hedge funds at the end of Q3 2024 in the Insider Monkey database, up from 41 in the previous quarter.