Baker Hughes, a GE company Class A (NASDAQ:BHGE) insider Lorenzo Simonelli bought 6,100 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $32.99 per share, for a total transaction of $201,239.00. Following the completion of the acquisition, the insider now owns 9,139 shares in the company, valued at $301,495.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Baker Hughes, a GE company Class A (NASDAQ BHGE) traded down 0.09% during trading on Friday, reaching $32.77. 3,248,495 shares of the company’s stock traded hands. The stock’s market cap is $14.03 billion. The company’s 50 day moving average is $37.43 and its 200-day moving average is $53.33. Baker Hughes, a GE company Class A has a 52-week low of $32.43 and a 52-week high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings results on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.27. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm posted ($0.90) earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Baker Hughes, a GE company Class A will post $0.47 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Wednesday, August 9th.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/18/baker-hughes-a-ge-company-class-a-bhge-insider-purchases-201239-00-in-stock.html.

Several large investors have recently made changes to their positions in the company. M&R Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth about $141,000. Fairpointe Capital LLC purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth about $229,000. FTB Advisors Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth about $442,000. Tudor Investment Corp ET AL purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth about $959,000. Finally, South Dakota Investment Council purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth about $4,610,000.

Several research firms have commented on BHGE. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 target price (down from $67.00) on shares of Baker Hughes, a GE company Class A in a report on Wednesday, August 9th. Royal Bank Of Canada set a $55.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Saturday, August 12th. FBR & Co began coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. They issued a “market perform” rating and a $42.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and issued a $43.00 target price (down from $65.00) on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. Finally, HSBC Holdings plc began coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a “buy” rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.89.

Receive News & Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related companies with MarketBeat.com's FREE daily email newsletter.