M&T Bank Corp Sells 207,941 Shares of Baker Hughes, a GE company Class A (BHGE)

M&T Bank Corp lessened its stake in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 86.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,044 shares of the company’s stock after selling 207,941 shares during the period. M&T Bank Corp’s holdings in Baker Hughes, a GE company Class A were worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. ValueAct Holdings L.P. bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $1,150,154,000. American Century Companies Inc. increased its stake in shares of Baker Hughes, a GE company Class A by 29.7% in the 4th quarter. American Century Companies Inc. now owns 7,762,412 shares of the company’s stock valued at $245,603,000 after purchasing an additional 1,777,693 shares during the last quarter. TCW Group Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $139,949,000. Bank of New York Mellon Corp bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $126,754,000. Finally, Janus Henderson Group PLC bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at $84,073,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Bank of America decreased their price target on Baker Hughes, a GE company Class A from $36.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley decreased their price target on Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. B. Riley reiterated a “hold” rating and issued a $36.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Monday, January 29th. Finally, Goldman Sachs Group upgraded Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 price target on the stock in a research note on Thursday, February 1st. Three equities 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. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and an average price target of $37.98.

In related news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction 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 is available at this hyperlink. Insiders own 0.66% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $26.53 on Tuesday. The firm has a market capitalization of $11,359.51, a price-to-earnings ratio of 530.60, a P/E/G ratio of 4.59 and a beta of 0.68. Baker Hughes, a GE company Class A has a 52-week low of $25.53 and a 52-week high of $62.24. The company has a current ratio of 2.08, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 0.10% and a negative net margin of 2.79%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. analysts forecast that Baker Hughes, a GE company Class A will post 0.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were given a dividend of $0.18 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.71%. Baker Hughes, a GE company Class A’s dividend payout ratio is currently -209.71%.

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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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