State Treasurer State of Michigan lifted its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 144,701 shares of the company’s stock after purchasing an additional 20,600 shares during the quarter. State Treasurer State of Michigan’s holdings in Baker Hughes A GE were worth $3,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BHGE. Capital World Investors raised its position in Baker Hughes A GE by 2.2% in the third quarter. Capital World Investors now owns 49,431,229 shares of the company’s stock worth $1,672,258,000 after acquiring an additional 1,061,251 shares during the period. Dodge & Cox raised its position in Baker Hughes A GE by 4.2% in the 3rd quarter. Dodge & Cox now owns 39,653,536 shares of the company’s stock valued at $1,341,479,000 after purchasing an additional 1,606,897 shares in the last quarter. Capital International Investors raised its position in Baker Hughes A GE by 1,249.7% in the 3rd quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock valued at $546,814,000 after purchasing an additional 14,965,979 shares in the last quarter. American Century Companies Inc. raised its position in Baker Hughes A GE by 6.2% in the 3rd quarter. American Century Companies Inc. now owns 8,016,963 shares of the company’s stock valued at $271,214,000 after purchasing an additional 465,135 shares in the last quarter. Finally, TCW Group Inc. raised its position in Baker Hughes A GE by 2.4% in the 3rd quarter. TCW Group Inc. now owns 4,515,865 shares of the company’s stock valued at $152,771,000 after purchasing an additional 106,099 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

A number of equities research analysts have issued reports on BHGE shares. Bank of America started coverage on Baker Hughes A GE in a research report on Wednesday, October 17th. They issued a “buy” rating on the stock. Jefferies Financial Group lowered Baker Hughes A GE from a “buy” rating to a “hold” rating and reduced their price target for the company from $38.00 to $36.00 in a research report on Wednesday, October 31st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Baker Hughes A GE in a research report on Tuesday, October 30th. Guggenheim raised Baker Hughes A GE from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, October 31st. Finally, Credit Suisse Group reduced their price target on Baker Hughes A GE from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.87.

Shares of BHGE traded down $0.07 during mid-day trading on Monday, reaching $24.54. The company’s stock had a trading volume of 53,780 shares, compared to its average volume of 4,687,518. Baker Hughes A GE Co has a 12-month low of $20.09 and a 12-month high of $37.76. The company has a market cap of $10.14 billion, a P/E ratio of 37.21, a PEG ratio of 0.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.66.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings data on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.04 billion. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, analysts predict that Baker Hughes A GE Co will post 1.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Monday, February 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $0.72 dividend on an annualized basis and a yield of 2.93%. Baker Hughes A GE’s dividend payout ratio is presently 109.09%.

In related news, Director Electric Co General sold 101,200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $22.47, for a total transaction of $2,273,964,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider William D. Marsh sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $23.31, for a total value of $28,951.02. Following the transaction, the insider now owns 35,257 shares in the company, valued at approximately $821,840.67. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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Baker Hughes A GE Company 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.

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

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