Linscomb & Williams Inc. decreased its holdings in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 23.8% during the 4th quarter, Holdings Channel reports. The firm owned 7,611 shares of the company’s stock after selling 2,373 shares during the period. Linscomb & Williams Inc.’s holdings in Baker Hughes, a GE company Class A were worth $241,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. First Bank & Trust acquired a new position in Baker Hughes, a GE company Class A in the third quarter valued at $101,000. Amica Retiree Medical Trust acquired a new position in Baker Hughes, a GE company Class A in the third quarter valued at $101,000. Trust Co. of Vermont acquired a new position in Baker Hughes, a GE company Class A in the third quarter valued at $105,000. Westside Investment Management Inc. acquired a new position in Baker Hughes, a GE company Class A in the third quarter valued at $108,000. Finally, Sun Life Financial INC acquired a new position in Baker Hughes, a GE company Class A in the third quarter valued at $115,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

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

A number of brokerages recently weighed in on BHGE. Zacks Investment Research cut Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Bank of America reduced their target price on Baker Hughes, a GE company Class A from $36.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 25th. Morgan Stanley reduced their target price on Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. B. Riley reiterated a “hold” rating and issued a $36.00 target price on shares of Baker Hughes, a GE company Class A in a report on Monday, January 29th. Finally, Goldman Sachs Group upgraded Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 target price on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. Baker Hughes, a GE company Class A presently has a consensus rating of “Hold” and a consensus target price of $38.88.

Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $31.05 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.56. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $63.09. The company has a market capitalization of $13,294.87, a PE ratio of -30.15, a price-to-earnings-growth ratio of 5.17 and a beta of 0.68.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 for 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% compared to the same quarter last year. equities research analysts anticipate that Baker Hughes, a GE company Class A will post 0.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, February 2nd. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is presently -209.71%.

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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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