Baker Hughes, a GE company Class A (BHGE) Plans Quarterly Dividend of $0.18
Baker Hughes, a GE company Class A (NASDAQ:BHGE) declared a quarterly dividend on Friday, October 27th, RTT News reports. Stockholders of record on Monday, November 6th will be paid a dividend of 0.18 per share on Wednesday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 2.40%.
Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded up 3.84% during trading on Friday, hitting $31.09. The stock had a trading volume of 3,072,199 shares. The stock’s 50 day moving average is $35.32 and its 200 day moving average is $44.56. Baker Hughes, a GE company Class A has a 52 week low of $29.62 and a 52 week high of $68.59. The stock’s market capitalization is $13.31 billion.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. Baker Hughes, a GE company Class A’s revenue was up 77.7% on a year-over-year basis. On average, equities research analysts expect that Baker Hughes, a GE company Class A will post $0.45 earnings per share for the current fiscal year.
In other news, insider Lorenzo Simonelli bought 6,100 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $32.99 per share, with a total value of $201,239.00. Following the acquisition, the insider now owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Worrell bought 2,801 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $35.24 per share, for a total transaction of $98,707.24. Following the acquisition, the chief financial officer now directly owns 2,801 shares in the company, valued at approximately $98,707.24. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,901 shares of company stock worth $476,796 over the last 90 days.
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A number of analysts recently commented on the stock. Barclays PLC set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday. Citigroup Inc. reduced their price objective on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada set a $38.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock an “outperform” rating in a research note on Wednesday. Piper Jaffray Companies restated a “hold” rating on shares of Baker Hughes, a GE company Class A in a research note on Tuesday. Finally, Morgan Stanley set a $53.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $40.74.
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