Deutsche Bank AG increased its stake in shares of Baker Hughes, a GE company (NYSE:BHGE) by 67.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,437,421 shares of the company’s stock after acquiring an additional 579,511 shares during the quarter. Deutsche Bank AG owned approximately 0.34% of Baker Hughes, a GE worth $45,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of BHGE. Nationwide Fund Advisors purchased a new position in shares of Baker Hughes, a GE in the 3rd quarter valued at approximately $8,374,000. Raymond James Financial Services Advisors Inc. purchased a new position in Baker Hughes, a GE during the third quarter valued at $2,386,000. Victory Capital Management Inc. purchased a new position in Baker Hughes, a GE during the third quarter valued at $259,000. Chicago Equity Partners LLC purchased a new position in Baker Hughes, a GE during the third quarter valued at $394,000. Finally, State of Wisconsin Investment Board purchased a new position in Baker Hughes, a GE during the third quarter valued at $11,464,000. Institutional investors and hedge funds own 92.28% of the company’s stock.
Baker Hughes, a GE company (NYSE BHGE) opened at $29.78 on Friday. Baker Hughes, a GE company has a 52-week low of $25.53 and a 52-week high of $43.27. The company has a market capitalization of $13,083.13, a PE ratio of -28.91, a PEG ratio of 5.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.56.
Baker Hughes, a GE (NYSE:BHGE) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. The business had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.60 billion. The firm’s revenue was down 2.7% compared to the same quarter last year. sell-side analysts predict that Baker Hughes, a GE company will post 0.79 EPS for the current fiscal year.
BHGE has been the subject of a number of recent research reports. Royal Bank of Canada set a $35.00 price objective on Baker Hughes, a GE and gave the company a “buy” rating in a research note on Thursday, December 21st. Cowen set a $55.00 target price on Baker Hughes, a GE and gave the stock a “buy” rating in a report on Thursday, January 11th. Citigroup reduced their target price on Baker Hughes, a GE from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Bank of America raised Baker Hughes, a GE from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $28.03 to $33.00 in a report on Monday, February 26th. Finally, ValuEngine lowered Baker Hughes, a GE from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.74.
In related news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $881,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is currently owned by insiders.
Baker Hughes, a GE Profile
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.
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