Russell Investments Group Ltd. cut its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,928 shares of the company’s stock after selling 13,962 shares during the quarter. Russell Investments Group Ltd.’s holdings in Baker Hughes A GE were worth $4,154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rational Advisors LLC purchased a new position in Baker Hughes A GE in the first quarter valued at about $139,000. Indiana Trust & Investment Management CO purchased a new position in Baker Hughes A GE in the second quarter valued at about $205,000. Rathbone Brothers plc purchased a new position in Baker Hughes A GE in the second quarter valued at about $210,000. Kanawha Capital Management LLC purchased a new position in Baker Hughes A GE in the second quarter valued at about $213,000. Finally, MANA Advisors LLC purchased a new position in Baker Hughes A GE in the first quarter valued at about $218,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Shares of BHGE stock opened at $31.61 on Tuesday. The company has a market cap of $12.99 billion, a P/E ratio of 80.92, a price-to-earnings-growth ratio of 5.44 and a beta of 0.73. 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 12 month low of $25.53 and a 12 month high of $38.10.

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

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday, August 13th. Baker Hughes A GE’s payout ratio is currently 138.46%.

BHGE has been the topic of a number of research analyst reports. B. Riley upgraded shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $42.00 in a research note on Monday, August 20th. Wells Fargo & Co boosted their target price on shares of Baker Hughes A GE from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. SunTrust Banks upgraded shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and boosted their target price for the company from $34.00 to $39.00 in a research note on Tuesday, July 24th. ValuEngine upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Cowen dropped their target price on shares of Baker Hughes A GE from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, July 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price 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 shares were sold at an average price of $34.00, for a total transaction of $408,000.00. Following the sale, the insider now owns 3,743 shares of the company’s stock, valued at approximately $127,262. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kurt Camilleri sold 2,513 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 transaction of $85,442.00. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Baker Hughes A GE Company 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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