FTB Advisors Inc. reduced its holdings in shares of Baker Hughes A GE Co (NYSE:BHGE) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,548 shares of the company’s stock after selling 2,361 shares during the quarter. FTB Advisors Inc.’s holdings in Baker Hughes A GE were worth $3,435,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Baker Hughes A GE by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 8,016,963 shares of the company’s stock valued at $271,214,000 after buying an additional 465,135 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Baker Hughes A GE by 2.4% during the 3rd quarter. TCW Group Inc. now owns 4,515,865 shares of the company’s stock valued at $152,771,000 after buying an additional 106,099 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Baker Hughes A GE by 521.2% during the 2nd quarter. Millennium Management LLC now owns 4,112,049 shares of the company’s stock valued at $135,821,000 after buying an additional 3,450,049 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Baker Hughes A GE by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,091,722 shares of the company’s stock valued at $135,150,000 after buying an additional 65,666 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Baker Hughes A GE by 7.4% during the 2nd quarter. Swiss National Bank now owns 1,396,528 shares of the company’s stock valued at $46,127,000 after buying an additional 96,600 shares during the last quarter. Institutional investors own 92.91% of the company’s stock.

NYSE:BHGE opened at $23.37 on Monday. The stock has a market cap of $9.63 billion, a P/E ratio of 44.94, a PEG ratio of 4.53 and a beta of 0.84. Baker Hughes A GE Co has a 52-week low of $22.55 and a 52-week high of $37.76. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.17.

Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Tuesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.88 billion. Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. Baker Hughes A GE’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. Sell-side analysts anticipate that Baker Hughes A GE Co will post 0.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a $0.18 dividend. The ex-dividend date is Thursday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.08%. Baker Hughes A GE’s dividend payout ratio (DPR) is 138.46%.

Several equities analysts recently issued reports on BHGE shares. Stifel Nicolaus started coverage on Baker Hughes A GE in a research note on Monday, September 10th. They set a “buy” rating and a $40.00 price objective on the stock. B. Riley restated a “buy” rating on shares of Baker Hughes A GE in a research note on Monday, September 10th. Barclays restated a “buy” rating and set a $37.00 price objective on shares of Baker Hughes A GE in a research note on Thursday, July 26th. Jefferies Financial Group upgraded Baker Hughes A GE from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, October 9th. Finally, HSBC reduced their price objective on Baker Hughes A GE to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.79.

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About Baker Hughes A GE

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.

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

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