Baker Hughes A GE Co (BHGE) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can cut its stake in Baker Hughes A GE Co (NYSE:BHGE) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,203 shares of the company’s stock after selling 27,990 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Baker Hughes A GE worth $8,946,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BHGE. Millennium Management LLC grew its position in shares of Baker Hughes A GE by 521.2% in the second quarter. Millennium Management LLC now owns 4,112,049 shares of the company’s stock valued at $135,821,000 after purchasing an additional 3,450,049 shares during the last quarter. Indus Capital Partners LLC acquired a new stake in shares of Baker Hughes A GE in the second quarter valued at approximately $28,695,000. Jane Street Group LLC grew its position in shares of Baker Hughes A GE by 949.2% in the second quarter. Jane Street Group LLC now owns 621,120 shares of the company’s stock valued at $20,516,000 after purchasing an additional 561,923 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Baker Hughes A GE by 434.4% in the third quarter. Russell Investments Group Ltd. now owns 672,970 shares of the company’s stock valued at $22,766,000 after purchasing an additional 547,042 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Baker Hughes A GE by 6.2% in the third quarter. American Century Companies Inc. now owns 8,016,963 shares of the company’s stock valued at $271,214,000 after purchasing an additional 465,135 shares during the last quarter. 96.06% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. Guggenheim upgraded shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, October 31st. Wolfe Research assumed coverage on shares of Baker Hughes A GE in a research report on Wednesday, October 10th. They issued an “outperform” rating on the stock. Bank of America reiterated a “buy” rating and issued a $27.00 price target (down from $37.00) on shares of Baker Hughes A GE in a research report on Monday, December 3rd. Wells Fargo & Co reiterated a “buy” rating on shares of Baker Hughes A GE in a research report on Tuesday, October 30th. Finally, Jefferies Financial Group upgraded shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $36.36.

In related news, Director Electric Co General sold 101,200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $22.47, for a total transaction of $2,273,964,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Shares of NYSE BHGE opened at $21.66 on Friday. Baker Hughes A GE Co has a 1 year low of $21.05 and a 1 year high of $37.76. The company has a market cap of $8.85 billion, a P/E ratio of 41.65, a PEG ratio of 4.18 and a beta of 0.82. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.17.

Baker Hughes A GE (NYSE:BHGE) last announced its earnings results on Tuesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter last year, the business posted $0.05 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Baker Hughes A GE Co will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. Baker Hughes A GE’s dividend payout ratio (DPR) is currently 138.46%.

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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.

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

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