Old Mutual Global Investors UK Ltd. bought a new position in Baker Hughes, a GE company Class A (NASDAQ:BHGE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,042,687 shares of the company’s stock, valued at approximately $38,183,000. Old Mutual Global Investors UK Ltd. owned about 0.24% of Baker Hughes, a GE company Class A at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stonebridge Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $594,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $2,269,000. Kornitzer Capital Management Inc. KS bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $1,413,000. State Board of Administration of Florida Retirement System bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $23,074,000. Finally, Andra AP fonden bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $2,853,000.

Several research firms have commented on BHGE. B. Riley restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Friday. Barclays PLC set a $41.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Thursday, October 26th. Citigroup Inc. decreased their target price on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Royal Bank Of Canada set a $38.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $40.74.

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Baker Hughes, a GE company Class A (BHGE) traded down $0.27 during trading on Tuesday, hitting $33.67. 235,290 shares of the stock traded hands, compared to its average volume of 3,710,000. Baker Hughes, a GE company Class A has a twelve month low of $29.62 and a twelve month high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. The firm’s revenue for the quarter was up 77.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.14%.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli bought 6,100 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the purchase, the insider now directly owns 9,139 shares in the company, valued at $301,495.61. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Matthias L. Heilmann bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of $30.04 per share, with a total value of $45,060.00. Following the completion of the purchase, the insider now owns 3,500 shares of the company’s stock, valued at $105,140. The disclosure for this purchase can be found here.

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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