Mackay Shields LLC increased its stake in Baker Hughes A GE Co (NYSE:BHGE) by 32.8% in the second quarter, Holdings Channel reports. The institutional investor owned 163,879 shares of the company’s stock after acquiring an additional 40,451 shares during the quarter. Mackay Shields LLC’s holdings in Baker Hughes A GE were worth $5,412,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BHGE. Rational Advisors LLC bought a new stake in Baker Hughes A GE during the first quarter valued at $139,000. Indiana Trust & Investment Management CO bought a new stake in Baker Hughes A GE during the second quarter valued at $205,000. Global X Management Co. LLC bought a new stake in Baker Hughes A GE during the first quarter valued at $207,000. Rathbone Brothers plc bought a new stake in Baker Hughes A GE during the second quarter valued at $210,000. Finally, Kanawha Capital Management LLC bought a new stake in Baker Hughes A GE during the second quarter valued at $213,000. Institutional investors and hedge funds own 96.11% of the company’s stock.

Several research firms have weighed in on BHGE. ValuEngine upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Wells Fargo & Co boosted their target price on shares of Baker Hughes A GE from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. SunTrust Banks upgraded shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and boosted their target price for the company from $34.00 to $39.00 in a research note on Tuesday, July 24th. Seaport Global Securities reiterated a “hold” rating and set a $32.00 target price on shares of Baker Hughes A GE in a research note on Monday, July 23rd. Finally, Bank of America lowered shares of Baker Hughes A GE from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Thursday, May 10th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.30.

In related news, VP Kurt Camilleri sold 2,513 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $34.00, for a total value of $85,442.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthias L. Heilmann sold 12,000 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $34.00, for a total transaction of $408,000.00. Following the completion of the sale, the insider now directly owns 3,743 shares of the company’s stock, valued at approximately $127,262. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Shares of BHGE opened at $31.01 on Friday. Baker Hughes A GE Co has a 1 year low of $25.53 and a 1 year high of $38.10. The firm has a market cap of $14.30 billion, a PE ratio of 59.63, a PEG ratio of 5.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.36.

Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings results on Friday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Baker Hughes A GE had a negative net margin of 0.37% and a positive return on equity of 0.43%. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the firm posted $0.28 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. analysts anticipate that Baker Hughes A GE Co will post 0.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Tuesday, August 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, August 13th. Baker Hughes A GE’s dividend payout ratio (DPR) is 138.46%.

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 for onshore and offshore operations.

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

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