Natixis Advisors L.P. grew its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 40.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,041 shares of the company’s stock after purchasing an additional 48,781 shares during the period. Natixis Advisors L.P.’s holdings in Baker Hughes A GE were worth $4,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BHGE. GAM Holding AG grew its position in Baker Hughes A GE by 155.2% in the second quarter. GAM Holding AG now owns 72,854 shares of the company’s stock worth $1,794,000 after acquiring an additional 44,305 shares in the last quarter. Tiverton Asset Management LLC grew its position in Baker Hughes A GE by 190.3% in the second quarter. Tiverton Asset Management LLC now owns 96,592 shares of the company’s stock worth $2,379,000 after acquiring an additional 63,317 shares in the last quarter. Riverhead Capital Management LLC grew its position in Baker Hughes A GE by 77.9% in the second quarter. Riverhead Capital Management LLC now owns 18,846 shares of the company’s stock worth $464,000 after acquiring an additional 8,250 shares in the last quarter. Pacer Advisors Inc. grew its position in Baker Hughes A GE by 12.7% in the second quarter. Pacer Advisors Inc. now owns 48,224 shares of the company’s stock worth $1,188,000 after acquiring an additional 5,427 shares in the last quarter. Finally, Resources Investment Advisors LLC. grew its position in Baker Hughes A GE by 817.4% in the second quarter. Resources Investment Advisors LLC. now owns 11,302 shares of the company’s stock worth $278,000 after acquiring an additional 10,070 shares in the last quarter. Hedge funds and other institutional investors own 48.39% of the company’s stock.

Several brokerages recently issued reports on BHGE. Wells Fargo & Co cut their target price on shares of Baker Hughes A GE from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday. TheStreet upgraded shares of Baker Hughes A GE from a “d+” rating to a “c-” rating in a research report on Thursday, June 20th. AltaCorp Capital reiterated an “outperform” rating on shares of Baker Hughes A GE in a research report on Thursday, June 20th. Credit Suisse Group upped their target price on shares of Baker Hughes A GE from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group set a $32.00 target price on shares of Baker Hughes A GE and gave the stock a “buy” rating in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $34.87.

Baker Hughes A GE stock traded up $0.04 during mid-day trading on Friday, hitting $22.68. The company’s stock had a trading volume of 283,933 shares, compared to its average volume of 4,333,419. The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 3.07 and a beta of 0.96. The business has a 50 day moving average price of $22.90 and a 200-day moving average price of $24.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.60 and a quick ratio of 1.09. Baker Hughes A GE Co has a 12 month low of $20.09 and a 12 month high of $34.49.

Baker Hughes A GE (NYSE:BHGE) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. Baker Hughes A GE had a net margin of 0.71% and a return on equity of 1.07%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, equities research analysts expect that Baker Hughes A GE Co will post 0.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, August 12th. Baker Hughes A GE’s dividend payout ratio (DPR) is 109.09%.

In other news, insider Uwem Ukpong sold 16,686 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $23.62, for a total transaction of $394,123.32. Following the completion of the transaction, the insider now directly owns 271 shares of the company’s stock, valued at $6,401.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lorenzo Simonelli acquired 15,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $20.61 per share, with a total value of $309,150.00. Following the completion of the purchase, the chief executive officer now owns 113,368 shares of the company’s stock, valued at approximately $2,336,514.48. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

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.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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