Ameriprise Financial Inc. raised its holdings in Baker Hughes A GE Co (NYSE:BHI) by 37.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,491,326 shares of the oilfield services provider’s stock after acquiring an additional 1,770,840 shares during the quarter. Ameriprise Financial Inc.’s holdings in Baker Hughes A GE were worth $353,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BHI. Hourglass Capital LLC lifted its holdings in Baker Hughes A GE by 0.3% in the 1st quarter. Hourglass Capital LLC now owns 159,462 shares of the oilfield services provider’s stock valued at $9,539,000 after acquiring an additional 417 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Baker Hughes A GE by 12.8% in the 1st quarter. LS Investment Advisors LLC now owns 17,654 shares of the oilfield services provider’s stock valued at $1,056,000 after acquiring an additional 2,001 shares during the last quarter. Swiss National Bank lifted its holdings in Baker Hughes A GE by 25.7% in the 1st quarter. Swiss National Bank now owns 1,423,328 shares of the oilfield services provider’s stock valued at $85,143,000 after acquiring an additional 290,600 shares during the last quarter. World Asset Management Inc lifted its holdings in Baker Hughes A GE by 10.1% in the 1st quarter. World Asset Management Inc now owns 46,308 shares of the oilfield services provider’s stock valued at $2,770,000 after acquiring an additional 4,231 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Baker Hughes A GE by 11.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,305,240 shares of the oilfield services provider’s stock valued at $78,079,000 after acquiring an additional 132,609 shares during the last quarter. 91.32% of the stock is owned by institutional investors.

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Shares of Baker Hughes A GE Co (NYSE BHI) traded up 5.82% during trading on Wednesday, reaching $57.68. The company’s stock had a trading volume of 4,124,512 shares. Baker Hughes A GE Co has a 52 week low of $43.09 and a 52 week high of $68.59. The stock’s 50 day moving average price is $55.90 and its 200 day moving average price is $59.83.

A number of analysts have commented on BHI shares. BidaskClub lowered shares of Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price objective on shares of Baker Hughes A GE in a research note on Thursday, June 22nd. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Baker Hughes A GE in a research note on Tuesday, July 18th. Finally, Morgan Stanley started coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They set an “overweight” rating and a $60.00 price objective for the company. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $62.27.

Baker Hughes A GE Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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

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