State Street Corp Has $1.16 Billion Stake in Baker Hughes A GE Co (BHI)

State Street Corp decreased its stake in Baker Hughes A GE Co (NYSE:BHI) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,366,729 shares of the oilfield services provider’s stock after selling 25,438 shares during the period. State Street Corp’s holdings in Baker Hughes A GE were worth $1,164,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its position in shares of Baker Hughes A GE by 44.3% in the second quarter. Capital World Investors now owns 33,800,016 shares of the oilfield services provider’s stock worth $1,842,439,000 after buying an additional 10,370,000 shares during the period. BlackRock Inc. boosted its position 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 worth $1,964,079,000 after buying an additional 31,156,767 shares during the period. ValueAct Holdings L.P. boosted its position 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 worth $1,878,816,000 after buying an additional 4,000,000 shares during the period. Vanguard Group Inc. boosted its position 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 worth $1,739,299,000 after buying an additional 991,070 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Baker Hughes A GE by 4.7% in the second quarter. Franklin Resources Inc. now owns 24,960,495 shares of the oilfield services provider’s stock worth $1,360,540,000 after buying an additional 1,114,027 shares during the period. 91.32% of the stock is owned by institutional investors.

Shares of Baker Hughes A GE Co (NYSE:BHI) traded up 5.82% during mid-day trading on Friday, hitting $57.68. The stock had a trading volume of 4,124,512 shares. The firm has a 50 day moving average of $55.90 and a 200 day moving average of $59.83. Baker Hughes A GE Co has a one year low of $43.09 and a one year high of $68.59.

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Several equities research analysts have recently weighed in on BHI shares. BidaskClub downgraded Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 target price on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Morgan Stanley started coverage on Baker Hughes A GE in a research report on Monday, July 17th. They issued an “overweight” rating and a $60.00 target price for the company. Finally, Seaport Global Securities downgraded Baker Hughes A GE from a “buy

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its position in shares of Baker Hughes A GE by 44.3% in the second quarter. Capital World Investors now owns 33,800,016 shares of the oilfield services provider’s stock worth $1,842,439,000 after buying an additional 10,370,000 shares during the period. BlackRock Inc. boosted its position 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 worth $1,964,079,000 after buying an additional 31,156,767 shares during the period. ValueAct Holdings L.P. boosted its position 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 worth $1,878,816,000 after buying an additional 4,000,000 shares during the period. Vanguard Group Inc. boosted its position 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 worth $1,739,299,000 after buying an additional 991,070 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Baker Hughes A GE by 4.7% in the second quarter. Franklin Resources Inc. now owns 24,960,495 shares of the oilfield services provider’s stock worth $1,360,540,000 after buying an additional 1,114,027 shares during the period. 91.32% of the stock is owned by institutional investors.

Shares of Baker Hughes A GE Co (NYSE:BHI) traded up 5.82% during mid-day trading on Friday, hitting $57.68. The stock had a trading volume of 4,124,512 shares. The firm has a 50 day moving average of $55.90 and a 200 day moving average of $59.83. Baker Hughes A GE Co has a one year low of $43.09 and a one year high of $68.59.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/08/state-street-corp-has-1-16-billion-stake-in-baker-hughes-a-ge-co-bhi.html.

Several equities research analysts have recently weighed in on BHI shares. BidaskClub downgraded Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 target price on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Morgan Stanley started coverage on Baker Hughes A GE in a research report on Monday, July 17th. They issued an “overweight” rating and a $60.00 target price for the company. Finally, Seaport Global Securities downgraded Baker Hughes A GE from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $52.00 in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.61.

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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