1,098,343 Shares in Baker Hughes, a GE company Class A (BHGE) Acquired by Hexavest Inc.

Hexavest Inc. bought a new position in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,098,343 shares of the company’s stock, valued at approximately $34,752,000. Hexavest Inc. owned 0.26% of Baker Hughes, a GE company Class A as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BHGE. ValueAct Holdings L.P. acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $1,150,154,000. American Century Companies Inc. acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $219,160,000. TCW Group Inc. acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $139,949,000. Bank of New York Mellon Corp acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $126,754,000. Finally, Janus Henderson Group PLC acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at approximately $84,073,000. 89.28% of the stock is currently owned by institutional investors.

Baker Hughes, a GE company Class A (NYSE BHGE) opened at $37.20 on Friday. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $40.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings data on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year. equities research analysts anticipate that Baker Hughes, a GE company Class A will post 0.45 earnings per share for the current year.

Several analysts have commented on BHGE shares. Cowen set a $50.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Wednesday, October 18th. Morgan Stanley set a $53.00 target price on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Monday, October 23rd. Barclays set a $41.00 target price on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $35.00 target price on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, B. Riley restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.58.

In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann bought 1,500 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the completion of the purchase, the insider now directly owns 3,500 shares in the company, valued at $105,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now directly owns 25,190 shares of the company’s stock, valued at approximately $881,650. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

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