Schwab Charles Investment Management Inc. boosted its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,450,059 shares of the oilfield services provider’s stock after buying an additional 75,614 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Baker Hughes A GE were worth $133,553,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Baker Hughes A GE by 1,858.5% in the first quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock valued at $1,964,079,000 after buying an additional 31,156,767 shares in the last quarter. ValueAct Holdings L.P. raised its stake in shares of Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock valued at $1,878,816,000 after buying an additional 4,000,000 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Baker Hughes A GE by 3,529.3% in the first quarter. Janus Capital Management LLC now owns 1,925,065 shares of the oilfield services provider’s stock valued at $115,157,000 after buying an additional 1,872,022 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Baker Hughes A GE by 3.5% in the first quarter. Vanguard Group Inc. now owns 29,075,548 shares of the oilfield services provider’s stock valued at $1,739,299,000 after buying an additional 991,070 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Baker Hughes A GE by 30.0% in the first quarter. Wells Fargo & Company MN now owns 3,357,233 shares of the oilfield services provider’s stock valued at $200,830,000 after buying an additional 774,994 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Baker Hughes A GE Co (NYSE BHI) opened at 57.68 on Friday. Baker Hughes A GE Co has a 52 week low of $43.09 and a 52 week high of $68.59. The stock’s 50 day moving average price is $55.90 and its 200 day moving average price is $59.83.

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BHI has been the subject of several research reports. Zacks Investment Research lowered Baker Hughes A GE from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. BMO Capital Markets restated a “hold” rating and issued a $65.00 target price on shares of Baker Hughes A GE in a report on Thursday, June 22nd. BidaskClub lowered Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Jefferies Group LLC reduced their target price on Baker Hughes A GE from $72.00 to $67.00 and set a “hold” rating for the company in a report on Friday, April 28th. Finally, Evercore ISI set a $72.00 target price on Baker Hughes A GE and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $62.30.

Baker Hughes A GE Company Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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

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