PNC Financial Services Group Inc. boosted its stake in shares of Baker Hughes A GE Co (NYSE:BHGE) by 45.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,811 shares of the company’s stock after acquiring an additional 20,491 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Baker Hughes A GE were worth $2,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BHGE. Kiltearn Partners LLP bought a new stake in Baker Hughes A GE during the first quarter worth approximately $101,956,000. The Manufacturers Life Insurance Company grew its stake in shares of Baker Hughes A GE by 471.0% during the first quarter. The Manufacturers Life Insurance Company now owns 2,534,455 shares of the company’s stock valued at $70,382,000 after buying an additional 2,090,578 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Baker Hughes A GE during the first quarter valued at approximately $36,831,000. TCW Group Inc. grew its stake in shares of Baker Hughes A GE by 13.5% during the second quarter. TCW Group Inc. now owns 4,409,766 shares of the company’s stock valued at $145,654,000 after buying an additional 523,729 shares during the last quarter. Finally, Becker Capital Management Inc. grew its stake in shares of Baker Hughes A GE by 64.1% during the second quarter. Becker Capital Management Inc. now owns 1,309,745 shares of the company’s stock valued at $43,261,000 after buying an additional 511,585 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Shares of NYSE:BHGE opened at $31.56 on Friday. Baker Hughes A GE Co has a 52-week low of $25.53 and a 52-week high of $38.10. The company has a market capitalization of $13.34 billion, a P/E ratio of 60.69, a PEG ratio of 5.58 and a beta of 0.72. The company has a current ratio of 1.90, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17.

Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings data on Friday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Baker Hughes A GE had a positive return on equity of 0.43% and a negative net margin of 0.37%. The firm had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts predict that Baker Hughes A GE Co will post 0.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Tuesday, August 14th were paid a $0.18 dividend. The ex-dividend date was Monday, August 13th. This represents a $0.72 annualized dividend and a yield of 2.28%. Baker Hughes A GE’s dividend payout ratio (DPR) is currently 138.46%.

A number of research firms have recently commented on BHGE. Stifel Nicolaus began coverage on Baker Hughes A GE in a research note on Monday, September 10th. They set a “buy” rating and a $40.00 target price on the stock. B. Riley reaffirmed a “buy” rating on shares of Baker Hughes A GE in a research note on Monday, September 10th. Barclays reaffirmed a “buy” rating and set a $37.00 target price on shares of Baker Hughes A GE in a research note on Thursday, July 26th. SunTrust Banks raised Baker Hughes A GE from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $39.00 in a research note on Tuesday, July 24th. Finally, ValuEngine raised Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Baker Hughes A GE presently has a consensus rating of “Hold” and a consensus price target of $37.43.

In other Baker Hughes A GE news, VP Kurt Camilleri sold 2,513 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total transaction of $85,442.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthias L. Heilmann sold 12,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total value of $408,000.00. Following the sale, the insider now owns 3,743 shares of the company’s stock, valued at approximately $127,262. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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 for onshore and offshore operations.

Recommended Story: Stop Order

Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

Receive News & Ratings for Baker Hughes A GE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE and related companies with MarketBeat.com's FREE daily email newsletter.