AMP Capital Investors Ltd Has $8.63 Million Stake in Baker Hughes, a GE company (NYSE:BHGE)

AMP Capital Investors Ltd lowered its stake in Baker Hughes, a GE company (NYSE:BHGE) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,731 shares of the company’s stock after selling 9,336 shares during the period. AMP Capital Investors Ltd owned about 0.06% of Baker Hughes, a GE worth $8,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial For Lutherans acquired a new stake in shares of Baker Hughes, a GE during the 4th quarter worth about $555,000. Nippon Life Global Investors Americas Inc. raised its position in shares of Baker Hughes, a GE by 260.4% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 52,470 shares of the company’s stock worth $1,660,000 after acquiring an additional 37,910 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Baker Hughes, a GE by 1,238.4% during the 4th quarter. Renaissance Technologies LLC now owns 2,124,540 shares of the company’s stock worth $67,220,000 after acquiring an additional 1,965,800 shares in the last quarter. Partners Capital Investment Group LLP acquired a new stake in shares of Baker Hughes, a GE during the 4th quarter worth about $735,000. Finally, Centenus Global Management LP acquired a new stake in shares of Baker Hughes, a GE during the 4th quarter worth about $3,385,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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BHGE has been the topic of several research analyst reports. Cowen set a $55.00 target price on Baker Hughes, a GE and gave the stock a “buy” rating in a research report on Thursday, January 11th. Royal Bank of Canada set a $35.00 price target on Baker Hughes, a GE and gave the stock a “buy” rating in a research report on Thursday, December 21st. Citigroup cut their price target on Baker Hughes, a GE from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. UBS raised Baker Hughes, a GE from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, March 8th. Finally, Edward Jones raised Baker Hughes, a GE from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.61.

In related news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now directly owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Shares of BHGE stock traded down $0.13 during midday trading on Friday, hitting $29.58. The company had a trading volume of 3,700,144 shares, compared to its average volume of 5,407,637. Baker Hughes, a GE company has a 52-week low of $25.53 and a 52-week high of $43.27. The company has a market capitalization of $12,554.91, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 4.71 and a beta of 0.76. 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 (NYSE:BHGE) last announced its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. The company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.60 billion. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. equities analysts predict that Baker Hughes, a GE company will post 0.79 earnings per share for the current fiscal year.

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Baker Hughes, a GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

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

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