Baker Hughes, a GE company Class A (BHGE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in Baker Hughes, a GE company Class A (NYSE:BHGE) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 717,915 shares of the company’s stock after selling 33,070 shares during the quarter. Rhumbline Advisers’ holdings in Baker Hughes, a GE company Class A were worth $22,715,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Levin Capital Strategies L.P. increased its stake in shares of Baker Hughes, a GE company Class A by 163.8% in the 4th quarter. Levin Capital Strategies L.P. now owns 33,700 shares of the company’s stock worth $1,066,000 after acquiring an additional 20,925 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Baker Hughes, a GE company Class A by 2.1% in the 4th quarter. Arizona State Retirement System now owns 148,139 shares of the company’s stock worth $4,687,000 after acquiring an additional 2,986 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Baker Hughes, a GE company Class A by 13.5% in the 4th quarter. Toronto Dominion Bank now owns 183,169 shares of the company’s stock worth $5,795,000 after acquiring an additional 21,813 shares in the last quarter. Davidson Investment Advisors increased its stake in shares of Baker Hughes, a GE company Class A by 54.8% in the 4th quarter. Davidson Investment Advisors now owns 233,916 shares of the company’s stock worth $7,401,000 after acquiring an additional 82,772 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Baker Hughes, a GE company Class A by 6.1% in the 4th quarter. Sei Investments Co. now owns 339,818 shares of the company’s stock worth $10,752,000 after acquiring an additional 19,535 shares in the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

In other news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,190 shares in the company, valued at $881,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Baker Hughes, a GE company Class A from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays decreased their price target on shares of Baker Hughes, a GE company Class A from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Morgan Stanley decreased their price target on shares of Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. BMO Capital Markets decreased their price target on shares of Baker Hughes, a GE company Class A from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Finally, Jefferies Group set a $35.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and an average price target of $37.98.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $28.03 on Friday. The firm has a market cap of $12,006.06, a PE ratio of 560.80, a price-to-earnings-growth ratio of 4.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08. Baker Hughes, a GE company Class A has a 12 month low of $25.53 and a 12 month high of $62.24.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $5.76 billion during 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 firm’s quarterly revenue was down 2.7% on a year-over-year basis. equities research analysts predict that Baker Hughes, a GE company Class A will post 0.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were paid a $0.18 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.57%. Baker Hughes, a GE company Class A’s dividend payout ratio is presently -209.71%.

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Baker Hughes, a GE company Class A Profile

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.

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

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