Baker Hughes, a GE company Class A (BHGE) Stake Increased by Westpac Banking Corp

Westpac Banking Corp lifted its position in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 40.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 78,910 shares of the company’s stock after buying an additional 22,910 shares during the period. Westpac Banking Corp’s holdings in Baker Hughes, a GE company Class A were worth $2,497,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ValueAct Holdings L.P. acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $1,150,154,000. American Century Companies Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $219,160,000. TCW Group Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $139,949,000. Bank of New York Mellon Corp acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $126,754,000. Finally, Janus Henderson Group PLC acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $84,073,000. 89.98% of the stock is currently owned by institutional investors.

In other news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now owns 25,190 shares in the company, valued at approximately $881,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) traded up $0.48 during trading on Wednesday, hitting $26.42. 6,140,802 shares of the stock were exchanged, compared to its average volume of 5,640,000. Baker Hughes, a GE company Class A has a twelve month low of $25.63 and a twelve month high of $40.82. The firm has a market capitalization of $11,110.00 and a PE ratio of -4.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.56.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. equities research analysts anticipate that Baker Hughes, a GE company Class A will post 0.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, February 2nd. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is presently -32.98%.

A number of research firms have recently issued reports on BHGE. Cowen set a $50.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a research report on Monday, November 13th. Royal Bank of Canada set a $35.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday, December 21st. Barclays set a $41.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Scotiabank set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “hold” rating in a research note on Saturday, October 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.98.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NYSE:BHGE)

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