State of New Jersey Common Pension Fund D Acquires Shares of 1,183,800 Baker Hughes, a GE company Class A (BHGE)

State of New Jersey Common Pension Fund D purchased a new stake in Baker Hughes, a GE company Class A (NASDAQ:BHGE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,183,800 shares of the company’s stock, valued at approximately $43,351,000. State of New Jersey Common Pension Fund D owned about 0.28% of Baker Hughes, a GE company Class A as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth $105,000. M&R Capital Management Inc. purchased a new position in Baker Hughes, a GE company Class A in the second quarter valued at $141,000. Alpha Windward LLC purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at $167,000. Huntington National Bank purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at $191,000. Finally, Raymond James Trust N.A. purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at $225,000.

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

Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded up $0.21 during mid-day trading on Friday, hitting $32.95. The stock had a trading volume of 2,400,842 shares, compared to its average volume of 3,770,000. Baker Hughes, a GE company Class A has a 1-year low of $29.62 and a 1-year high of $40.82.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be given a $0.18 dividend. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, November 3rd.

A number of analysts have issued reports on BHGE shares. Zacks Investment Research downgraded Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price target on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $37.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 18th. Scotiabank set a $44.00 target price on Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a research report on Saturday, October 21st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.74.

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

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