Perpetual Ltd Invests $757,000 in Baker Hughes A GE Co (NYSE:BHI) Stock

Perpetual Ltd bought a new stake in Baker Hughes A GE Co (NYSE:BHI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,882 shares of the oilfield services provider’s stock, valued at approximately $757,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of Baker Hughes A GE by 8.5% during the 1st quarter. Stifel Financial Corp now owns 14,317 shares of the oilfield services provider’s stock valued at $855,000 after purchasing an additional 1,118 shares during the last quarter. AXA grew its holdings in shares of Baker Hughes A GE by 26.3% during the 1st quarter. AXA now owns 4,359 shares of the oilfield services provider’s stock valued at $260,000 after purchasing an additional 909 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Baker Hughes A GE by 9.5% during the 1st quarter. OppenheimerFunds Inc. now owns 30,034 shares of the oilfield services provider’s stock worth $1,797,000 after buying an additional 2,598 shares during the period. Global X Management Co. LLC boosted its position in Baker Hughes A GE by 27.0% during the 1st quarter. Global X Management Co. LLC now owns 5,990 shares of the oilfield services provider’s stock worth $358,000 after buying an additional 1,273 shares during the period. Finally, Vanguard Group Inc. boosted its position in Baker Hughes A GE by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 29,075,548 shares of the oilfield services provider’s stock worth $1,739,299,000 after buying an additional 991,070 shares during the period. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts recently commented on the stock. Barclays PLC assumed coverage on shares of Baker Hughes A GE in a research report on Thursday, August 31st. They set a “buy” rating and a $41.00 target price on the stock. BidaskClub upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. FBR & Co began coverage on shares of Baker Hughes A GE in a research report on Monday, July 17th. They set a “mkt perform” rating and a $42.00 target price on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Baker Hughes A GE in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.76.

About Baker Hughes A GE

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHI)

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