American Assets Investment Management LLC cut its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 88,200 shares of the oilfield services provider’s stock after selling 2,500 shares during the period. Baker Hughes A GE accounts for 1.0% of American Assets Investment Management LLC’s portfolio, making the stock its 21st largest position. American Assets Investment Management LLC’s holdings in Baker Hughes A GE were worth $4,808,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Wisconsin Investment Board boosted its position in Baker Hughes A GE by 10.0% in the second quarter. State of Wisconsin Investment Board now owns 340,511 shares of the oilfield services provider’s stock valued at $18,561,000 after buying an additional 31,060 shares in the last quarter. Dupont Capital Management Corp boosted its position in Baker Hughes A GE by 5.1% in the second quarter. Dupont Capital Management Corp now owns 91,043 shares of the oilfield services provider’s stock valued at $4,963,000 after buying an additional 4,445 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in Baker Hughes A GE during the second quarter valued at about $20,877,000. DekaBank Deutsche Girozentrale boosted its position in Baker Hughes A GE by 17.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 60,825 shares of the oilfield services provider’s stock valued at $3,357,000 after buying an additional 9,075 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Baker Hughes A GE by 0.3% in the second quarter. Arizona State Retirement System now owns 105,553 shares of the oilfield services provider’s stock valued at $5,754,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Baker Hughes A GE Co (BHI) opened at 57.68 on Wednesday. The company’s 50 day moving average price is $55.90 and its 200-day moving average price is $59.83. Baker Hughes A GE Co has a 12-month low of $43.09 and a 12-month high of $68.59.

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Several equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Baker Hughes A GE in a report on Tuesday, July 18th. Morgan Stanley assumed coverage on Baker Hughes A GE in a report on Monday, July 17th. They issued an “overweight” rating and a $60.00 price target on the stock. FBR & Co assumed coverage on Baker Hughes A GE in a report on Monday, July 17th. They issued a “mkt perform” rating and a $42.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $67.00 price target on shares of Baker Hughes A GE in a report on Thursday, July 6th. Finally, BidaskClub upgraded Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. Baker Hughes A GE presently has an average rating of “Hold” and an average target price of $62.30.

Baker Hughes A GE Company Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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

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