First American Trust FSB purchased a new position in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 89,229 shares of the company’s stock, valued at approximately $2,823,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshwinds Advisory Co. raised its stake in shares of Baker Hughes, a GE company Class A by 29.3% during the 4th quarter. Marshwinds Advisory Co. now owns 22,275 shares of the company’s stock worth $705,000 after purchasing an additional 5,050 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $22,658,000. Shelton Capital Management purchased a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $1,148,000. Public Employees Retirement System of Ohio acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter valued at about $6,776,000. Finally, Energy Opportunities Capital Management LLC acquired a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter valued at about $382,000. 89.28% of the stock is owned by institutional investors.

A number of research analysts have recently commented on BHGE shares. Cowen set a $50.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Wednesday, October 18th. Morgan Stanley set a $53.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Monday, October 23rd. Barclays set a $41.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada set a $35.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, B. Riley reissued a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.32.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $35.47 on Thursday. The stock has a market capitalization of $15,000.00 and a P/E ratio of -5.42. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.08. Baker Hughes, a GE company Class A has a fifty-two week low of $29.62 and a fifty-two week high of $63.95.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). The business had revenue of $5.38 billion during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 77.7% on a year-over-year basis. equities research analysts forecast that Baker Hughes, a GE company Class A will post 0.45 earnings per share for the current fiscal year.

In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann bought 1,500 shares of the stock in a transaction on Thursday, October 26th. The shares were purchased at an average price of $30.04 per share, with a total value of $45,060.00. Following the acquisition, the insider now directly owns 3,500 shares of the company’s stock, valued at approximately $105,140. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the insider now directly owns 25,190 shares in the company, valued at approximately $881,650. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

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Baker Hughes, a GE company Class A Profile

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.

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

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