Baker Hughes, a GE company (BHGE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Baker Hughes, a GE company (NYSE:BHGE) by 39.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 357,523 shares of the company’s stock after purchasing an additional 101,239 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Baker Hughes, a GE worth $9,928,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. ETRADE Capital Management LLC boosted its stake in shares of Baker Hughes, a GE by 21.7% during the 1st quarter. ETRADE Capital Management LLC now owns 10,465 shares of the company’s stock worth $291,000 after acquiring an additional 1,863 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Baker Hughes, a GE by 8.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,470 shares of the company’s stock worth $838,000 after acquiring an additional 2,080 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Baker Hughes, a GE by 14.5% during the 4th quarter. LPL Financial LLC now owns 16,467 shares of the company’s stock worth $521,000 after acquiring an additional 2,084 shares during the last quarter. Washington Capital Management Inc. boosted its stake in shares of Baker Hughes, a GE by 3.3% during the 1st quarter. Washington Capital Management Inc. now owns 68,610 shares of the company’s stock worth $1,905,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Baker Hughes, a GE by 7.5% during the 4th quarter. Norinchukin Bank The now owns 34,234 shares of the company’s stock worth $1,083,000 after acquiring an additional 2,375 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of Baker Hughes, a GE from $36.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 25th. Jefferies Group set a $31.00 price target on shares of Baker Hughes, a GE and gave the stock a “hold” rating in a research note on Wednesday, April 4th. Morgan Stanley dropped their price target on shares of Baker Hughes, a GE from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. B. Riley restated a “hold” rating and set a $36.00 target price on shares of Baker Hughes, a GE in a research note on Monday, January 29th. Finally, Susquehanna Bancshares set a $30.00 target price on shares of Baker Hughes, a GE and gave the company a “hold” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.69.

In other Baker Hughes, a GE news, CEO Maria C. Borras sold 19,571 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $36.97, for a total value of $723,539.87. Following the sale, the chief executive officer now owns 3,042 shares in the company, valued at approximately $112,462.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William D. Marsh sold 6,543 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $35.82, for a total transaction of $234,370.26. Following the completion of the sale, the insider now owns 22,663 shares in the company, valued at approximately $811,788.66. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Shares of BHGE stock opened at $36.29 on Tuesday. The firm has a market capitalization of $14.94 billion, a price-to-earnings ratio of 69.79, a P/E/G ratio of 5.49 and a beta of 0.72. Baker Hughes, a GE company has a 52 week low of $25.53 and a 52 week high of $40.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 2.05.

Baker Hughes, a GE (NYSE:BHGE) last announced its quarterly earnings results on Friday, April 20th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Baker Hughes, a GE had a negative net margin of 1.28% and a positive return on equity of 0.25%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) EPS. equities analysts expect that Baker Hughes, a GE company will post 0.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 22nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, May 21st. Baker Hughes, a GE’s payout ratio is currently 101.92%.

Baker Hughes, a GE 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.

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

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