DnB Asset Management AS decreased its stake in Baker Hughes, a GE company Class A (NYSE:BHGE) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,280 shares of the company’s stock after selling 12,000 shares during the period. DnB Asset Management AS’s holdings in Baker Hughes, a GE company Class A were worth $1,559,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. ValueAct Holdings L.P. bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $1,150,154,000. American Century Companies Inc. bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $219,160,000. TCW Group Inc. bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $139,949,000. Bank of New York Mellon Corp bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $126,754,000. Finally, Janus Henderson Group PLC bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $84,073,000. 89.30% of the stock is owned by institutional investors and hedge funds.

In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the insider now directly owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthias L. Heilmann purchased 1,500 shares of Baker Hughes, a GE company Class A stock in a transaction on Thursday, October 26th. The stock was bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the completion of the acquisition, the insider now directly owns 3,500 shares of the company’s stock, valued at approximately $105,140. The disclosure for this purchase can be found here. Company insiders own 0.66% of the company’s stock.

Several equities analysts have issued reports on BHGE shares. JPMorgan Chase & Co. decreased their price target on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. Bank of America started coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They issued an “underperform” rating and a $36.00 price target for the company. Barclays set a $43.00 price target on shares of Baker Hughes, a GE company Class A and gave the company an “overweight” rating in a research report on Friday, September 29th. UBS Group cut shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $38.00 price target (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Baker Hughes, a GE company Class A presently has an average rating of “Hold” and an average target price of $40.58.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $37.20 on Tuesday. Baker Hughes, a GE company Class A has a 12-month low of $29.62 and a 12-month high of $63.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. The firm has a market cap of $15,930.00 and a price-to-earnings ratio of -5.68.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. The company’s revenue was up 77.7% compared to the same quarter last year. research analysts anticipate that Baker Hughes, a GE company Class A will post 0.44 EPS for the current year.

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About Baker Hughes, a GE company Class A

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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