Dimensional Fund Advisors LP lowered its stake in Baker Hughes A GE Co (NYSE:BHGE) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,193,008 shares of the company’s stock after selling 5,512 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Baker Hughes A GE were worth $72,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. TCW Group Inc. increased its stake in Baker Hughes A GE by 13.5% during the second quarter. TCW Group Inc. now owns 4,409,766 shares of the company’s stock worth $145,654,000 after purchasing an additional 523,729 shares during the period. Bank of New York Mellon Corp increased its stake in Baker Hughes A GE by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 4,091,722 shares of the company’s stock worth $135,150,000 after purchasing an additional 65,666 shares during the period. Kiltearn Partners LLP purchased a new stake in Baker Hughes A GE during the first quarter worth about $101,956,000. FIL Ltd increased its stake in Baker Hughes A GE by 3.1% during the first quarter. FIL Ltd now owns 3,281,576 shares of the company’s stock worth $91,129,000 after purchasing an additional 99,675 shares during the period. Finally, Van ECK Associates Corp increased its stake in Baker Hughes A GE by 15.2% during the first quarter. Van ECK Associates Corp now owns 2,845,204 shares of the company’s stock worth $79,011,000 after purchasing an additional 375,454 shares during the period. 93.84% of the stock is currently owned by institutional investors.

BHGE stock opened at $31.61 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.90. Baker Hughes A GE Co has a fifty-two week low of $25.53 and a fifty-two week high of $38.10. The company has a market cap of $12.99 billion, a P/E ratio of 80.92, a PEG ratio of 5.44 and a beta of 0.73.

Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Friday, July 20th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Baker Hughes A GE had a positive return on equity of 0.43% and a negative net margin of 0.37%. The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. analysts anticipate that Baker Hughes A GE Co will post 0.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Tuesday, August 14th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, August 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.28%. Baker Hughes A GE’s payout ratio is 138.46%.

A number of analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Baker Hughes A GE in a research note on Monday, September 10th. They set a “buy” rating and a $40.00 price target on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $38.00 price target on shares of Baker Hughes A GE in a research note on Monday, July 23rd. Seaport Global Securities reiterated a “hold” rating and set a $32.00 price target on shares of Baker Hughes A GE in a research note on Monday, July 23rd. Citigroup boosted their price target on shares of Baker Hughes A GE from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Finally, Zacks Investment Research lowered shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $37.43.

In related news, insider Matthias L. Heilmann sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $34.00, for a total value of $408,000.00. Following the completion of the transaction, the insider now directly owns 3,743 shares of the company’s stock, valued at $127,262. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt Camilleri sold 2,513 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $34.00, for a total value of $85,442.00. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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