Centenus Global Management LP purchased a new stake in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 107,000 shares of the company’s stock, valued at approximately $3,385,000.

Several other institutional investors have also recently made changes to their positions in BHGE. ValueAct Holdings L.P. acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter valued at about $1,150,154,000. American Century Companies Inc. acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter valued at about $219,160,000. TCW Group Inc. acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter valued at about $139,949,000. Bank of New York Mellon Corp acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $126,754,000. Finally, Janus Henderson Group PLC acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $84,073,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

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Several equities research analysts recently weighed in on BHGE shares. Zacks Investment Research upgraded Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Royal Bank of Canada set a $35.00 target price on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Thursday, December 21st. Jefferies Group set a $35.00 target price on Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a report on Thursday, January 4th. Cowen set a $55.00 target price on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Piper Jaffray Companies restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $37.88.

Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $27.45 on Monday. Baker Hughes, a GE company Class A has a 1-year low of $25.53 and a 1-year high of $40.82. The company has a market capitalization of $11,599.87, a P/E ratio of 549.00, a PEG ratio of 4.86 and a beta of 0.83. The company has a current ratio of 2.08, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.60 billion. Baker Hughes, a GE company Class A’s revenue for the quarter was down 2.7% on a year-over-year basis. equities research analysts anticipate that Baker Hughes, a GE company Class A will post 0.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.62%. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is presently -209.71%.

In other news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now directly owns 25,190 shares in the company, valued at $881,650. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is owned by insiders.

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Baker Hughes, a GE company Class A Company 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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