Shelton Capital Management bought a new stake in Baker Hughes, a GE company Class A (NYSE:BHGE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,339 shares of the company’s stock, valued at approximately $1,148,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. ValueAct Holdings L.P. bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $1,150,154,000. American Century Companies Inc. bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $219,160,000. TCW Group Inc. bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $139,949,000. Bank of New York Mellon Corp bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $126,754,000. Finally, Janus Henderson Group PLC bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at approximately $84,073,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

A number of research analysts have commented on BHGE shares. Argus began coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, August 21st. They set a “buy” rating and a $43.00 price target on the stock. Cowen restated an “outperform” rating and issued a $55.00 target price on shares of Baker Hughes, a GE company Class A in a report on Wednesday, August 23rd. Barclays began coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, August 31st. They issued an “overweight” rating and a $41.00 target price on the stock. Zacks Investment Research cut shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Jefferies Group restated a “hold” rating and issued a $40.00 target price on shares of Baker Hughes, a GE company Class A in a report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Baker Hughes, a GE company Class A has a consensus rating of “Hold” and a consensus price target of $40.74.

In related news, insider Matthias L. Heilmann purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the acquisition, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $30.26 on Friday. Baker Hughes, a GE company Class A has a fifty-two week low of $29.62 and a fifty-two week high of $66.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.52 billion. Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The company’s quarterly revenue was up 77.7% compared to the same quarter last year. equities research analysts forecast that Baker Hughes, a GE company Class A will post 0.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.72 annualized dividend and a yield of 2.38%. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. Baker Hughes, a GE company Class A’s payout ratio is -111.34%.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

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