First Interstate Bank cut its position in Baker Hughes A GE Co (NYSE:BHGE) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,882 shares of the company’s stock after selling 475 shares during the quarter. First Interstate Bank’s holdings in Baker Hughes A GE were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BHGE. Meeder Asset Management Inc. bought a new stake in shares of Baker Hughes A GE during the fourth quarter worth $35,000. First Hawaiian Bank increased its position in shares of Baker Hughes A GE by 76.0% during the fourth quarter. First Hawaiian Bank now owns 2,295 shares of the company’s stock worth $49,000 after acquiring an additional 991 shares in the last quarter. CKW Financial Group increased its position in shares of Baker Hughes A GE by 25.0% during the fourth quarter. CKW Financial Group now owns 2,500 shares of the company’s stock worth $54,000 after acquiring an additional 500 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Baker Hughes A GE during the fourth quarter worth $91,000. Finally, Schroder Investment Management Group bought a new stake in shares of Baker Hughes A GE during the second quarter worth $125,000. Institutional investors own 95.92% of the company’s stock.

BHGE has been the subject of several research reports. Jefferies Financial Group raised shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 9th. Bank of America initiated coverage on shares of Baker Hughes A GE in a research report on Wednesday, October 17th. They set a “buy” rating for the company. Wells Fargo & Co reissued a “buy” rating on shares of Baker Hughes A GE in a research report on Tuesday, October 30th. Guggenheim raised shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, October 31st. Finally, Citigroup lowered their price objective on shares of Baker Hughes A GE from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.24.

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

Baker Hughes A GE stock opened at $23.57 on Friday. The firm has a market capitalization of $9.87 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 0.36 and a beta of 0.78. Baker Hughes A GE Co has a 1-year low of $20.09 and a 1-year high of $37.76. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Thursday, January 31st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Baker Hughes A GE had a net margin of 0.16% and a return on equity of 0.59%. During the same quarter in the prior year, the company posted $0.15 earnings per share. On average, research analysts anticipate that Baker Hughes A GE Co will post 0.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Monday, February 4th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, February 1st. Baker Hughes A GE’s dividend payout ratio (DPR) is currently 138.46%.

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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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