Lyell Wealth Management LP Purchases New Holdings in Baker Hughes, a GE company (NASDAQ:BHGE)

Lyell Wealth Management LP acquired a new stake in shares of Baker Hughes, a GE company (NYSE:BHGE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,520 shares of the company’s stock, valued at approximately $312,000.

Several other hedge funds have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new stake in shares of Baker Hughes, a GE company during the 3rd quarter valued at $43,351,000. APG Asset Management N.V. bought a new stake in Baker Hughes, a GE company in the 3rd quarter valued at $24,992,000. Strs Ohio bought a new stake in Baker Hughes, a GE company in the 3rd quarter valued at $23,293,000. Personal Capital Advisors Corp bought a new stake in Baker Hughes, a GE company in the 3rd quarter valued at $22,087,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Baker Hughes, a GE company in the 3rd quarter valued at $20,956,000.

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

A number of brokerages have issued reports on BHGE. B. Riley reiterated a “neutral” rating on shares of Baker Hughes, a GE company in a report on Friday, November 3rd. Cowen and Company reiterated an “outperform” rating and issued a $55.00 price target on shares of Baker Hughes, a GE company in a report on Wednesday, August 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $40.00 price target (down from $67.00) on shares of Baker Hughes, a GE company in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $38.00 price target (down from $42.00) on shares of Baker Hughes, a GE company in a report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $55.00 price target on shares of Baker Hughes, a GE company and gave the company a “buy” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.74.

Baker Hughes, a GE company (NYSE BHGE) opened at $30.51 on Wednesday. Baker Hughes, a GE company has a 52 week low of $29.62 and a 52 week high of $40.82.

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

The company also recently declared 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 is Friday, November 3rd. This is a boost from Baker Hughes, a GE company’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.36%.

Institutional Ownership by Quarter for Baker Hughes, a GE company (NYSE:BHGE)

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