Kornitzer Capital Management Inc. KS increased its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,700 shares of the company’s stock after purchasing an additional 2,750 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Baker Hughes A GE were worth $1,039,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BHGE. 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 worth $135,821,000 after purchasing an additional 3,450,049 shares during the period. Indus Capital Partners LLC purchased a new position in shares of Baker Hughes A GE during the 2nd quarter worth about $28,695,000. Jane Street Group LLC boosted its stake in shares of Baker Hughes A GE by 949.2% during the 2nd quarter. Jane Street Group LLC now owns 621,120 shares of the company’s stock worth $20,516,000 after purchasing an additional 561,923 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Baker Hughes A GE by 434.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 672,970 shares of the company’s stock worth $22,766,000 after purchasing an additional 547,042 shares during the period. Finally, Becker Capital Management Inc. boosted its stake in shares of Baker Hughes A GE by 64.1% during the 2nd quarter. Becker Capital Management Inc. now owns 1,309,745 shares of the company’s stock worth $43,261,000 after purchasing an additional 511,585 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes A GE stock opened at $22.14 on Thursday. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 42.58, a P/E/G ratio of 4.31 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.35. Baker Hughes A GE Co has a 1 year low of $21.67 and a 1 year high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a net margin of 0.16% and a return on equity of 0.59%. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Baker Hughes A GE Co will post 0.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 3.25%. Baker Hughes A GE’s dividend payout ratio is currently 138.46%.

In related news, Director Electric Co General sold 101,200,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $22.47, for a total transaction of $2,273,964,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

A number of equities analysts recently commented on the stock. Guggenheim raised shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, October 31st. Wolfe Research assumed coverage on shares of Baker Hughes A GE in a research note on Wednesday, October 10th. They set an “outperform” rating for the company. Bank of America reaffirmed a “buy” rating and set a $27.00 price target (down from $37.00) on shares of Baker Hughes A GE in a research note on Monday. Wells Fargo & Co reaffirmed a “buy” rating on shares of Baker Hughes A GE in a research note on Tuesday, October 30th. Finally, Jefferies Financial Group raised shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $36.36.

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Baker Hughes A GE 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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