Aperio Group LLC Reduces Stake in Baker Hughes, a GE company Class A (BHGE)

Aperio Group LLC reduced its holdings in Baker Hughes, a GE company Class A (NYSE:BHGE) by 49.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,708 shares of the company’s stock after selling 84,263 shares during the period. Aperio Group LLC’s holdings in Baker Hughes, a GE company Class A were worth $2,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BHGE. ValueAct Holdings L.P. bought a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $1,150,154,000. Stonebridge Capital Management Inc. bought a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $594,000. Hexavest Inc. bought a new stake in Baker Hughes, a GE company Class A in the 4th quarter valued at about $34,752,000. Edge Wealth Management LLC bought a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $378,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $13,183,000. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Baker Hughes, a GE company Class A (NYSE BHGE) traded up $0.25 on Wednesday, hitting $30.60. 4,037,699 shares of the stock traded hands, compared to its average volume of 5,643,746. 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 company Class A has a 52-week low of $25.53 and a 52-week high of $62.20. The stock has a market capitalization of $12,830.00 and a P/E ratio of -180.00.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.60 billion. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. research analysts expect that Baker Hughes, a GE company Class A will post 0.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, February 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.72 annualized dividend and a yield of 2.35%. Baker Hughes, a GE company Class A’s payout ratio is presently -1,270.59%.

In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the insider now directly owns 25,190 shares of the company’s stock, valued at $881,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

BHGE has been the subject of a number of recent analyst reports. Cowen set a $55.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Bank of America decreased their price target on shares of Baker Hughes, a GE company Class A from $36.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 25th. Morgan Stanley decreased their price target on shares of Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Wells Fargo & Co reduced their price objective on shares of Baker Hughes, a GE company Class A from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.98.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NYSE:BHGE)

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