New York State Teachers Retirement System purchased a new position in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 693,417 shares of the company’s stock, valued at approximately $25,393,000. New York State Teachers Retirement System owned about 0.16% of Baker Hughes, a GE company Class A as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Bank & Trust purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $101,000. Trust Co. of Vermont purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $105,000. Carroll Financial Associates Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $136,000. M&R Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $141,000. Finally, Alpha Windward LLC purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $167,000.

Baker Hughes, a GE company Class A (BHGE) opened at $31.18 on Friday.

Baker Hughes, a GE company Class A (NASDAQ: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 firm had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. The company’s revenue was up 77.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, November 3rd.

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In other news, insider Lorenzo Simonelli purchased 6,100 shares of the stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $32.99 per share, with a total value of $201,239.00. Following the acquisition, the insider now directly owns 9,139 shares of the company’s stock, valued at $301,495.61. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthias L. Heilmann purchased 1,500 shares of the stock in a transaction dated Thursday, October 26th. The shares were purchased at an average cost 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 $105,140. The disclosure for this purchase can be found here.

Several analysts have commented on the company. Royal Bank Of Canada set a $38.00 target price on Baker Hughes, a GE company Class A and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Cowen and Company reiterated an “outperform” rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 23rd. Jefferies Group LLC reiterated a “hold” rating and set a $40.00 target price (down from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $38.00 target price (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Finally, Barclays PLC set a $41.00 target price on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.74.

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

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