Dimensional Fund Advisors LP Sells 5,512 Shares of Baker Hughes A GE Co (BHGE)

Dimensional Fund Advisors LP cut its holdings in shares of Baker Hughes A GE Co (NYSE:BHGE) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,193,008 shares of the company’s stock after selling 5,512 shares during the quarter. Dimensional Fund Advisors LP owned 0.53% of Baker Hughes A GE worth $72,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BHGE. Rational Advisors LLC purchased a new position in shares of Baker Hughes A GE during the 1st quarter valued at approximately $139,000. Indiana Trust & Investment Management CO purchased a new position in shares of Baker Hughes A GE during the 2nd quarter valued at approximately $205,000. Rathbone Brothers plc purchased a new position in shares of Baker Hughes A GE during the 2nd quarter valued at approximately $210,000. Kanawha Capital Management LLC purchased a new position in shares of Baker Hughes A GE during the 2nd quarter valued at approximately $213,000. Finally, MANA Advisors LLC purchased a new position in shares of Baker Hughes A GE during the 1st quarter valued at approximately $218,000. 93.84% of the stock is owned by institutional investors.

In other Baker Hughes A GE news, insider Matthias L. Heilmann sold 12,000 shares of Baker Hughes A GE stock in a transaction on Monday, August 6th. The shares were sold at an average price of $34.00, for a total transaction of $408,000.00. Following the sale, the insider now owns 3,743 shares of the company’s stock, valued at approximately $127,262. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kurt Camilleri sold 2,513 shares of Baker Hughes A GE stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total transaction of $85,442.00. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Shares of NYSE BHGE opened at $31.61 on Tuesday. The firm has a market capitalization of $12.99 billion, a P/E ratio of 80.92, a P/E/G ratio of 5.44 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Baker Hughes A GE Co has a one year low of $25.53 and a one year high of $38.10.

Baker Hughes A GE (NYSE:BHGE) last issued its quarterly earnings results on Friday, July 20th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Baker Hughes A GE had a positive return on equity of 0.43% and a negative net margin of 0.37%. Baker Hughes A GE’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. equities research analysts expect that Baker Hughes A GE Co will post 0.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Tuesday, August 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, August 13th. Baker Hughes A GE’s payout ratio is presently 138.46%.

BHGE has been the subject of several recent research reports. B. Riley raised shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $42.00 in a report on Monday, August 20th. Wells Fargo & Co lifted their target price on shares of Baker Hughes A GE from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. SunTrust Banks raised shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.00 to $39.00 in a report on Tuesday, July 24th. ValuEngine raised shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Cowen cut their target price on shares of Baker Hughes A GE from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, July 6th. Two research 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. Baker Hughes A GE has a consensus rating of “Hold” and an average price target of $37.43.

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.

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

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