Wells Fargo & Company MN lessened its stake in Baker Hughes A GE Co (NYSE:BHI) by 23.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,567,054 shares of the oilfield services provider’s stock after selling 790,179 shares during the quarter. Wells Fargo & Company MN’s holdings in Baker Hughes A GE were worth $139,930,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Baker Hughes A GE by 4.7% in the 2nd quarter. Franklin Resources Inc. now owns 24,960,495 shares of the oilfield services provider’s stock valued at $1,360,540,000 after purchasing an additional 1,114,027 shares in the last quarter. Eaton Vance Management acquired a new stake in shares of Baker Hughes A GE in the 2nd quarter valued at about $63,949,000. Engineers Gate Manager LP acquired a new stake in Baker Hughes A GE during the second quarter worth about $394,000. Tredje AP fonden raised its stake in Baker Hughes A GE by 113.6% during the second quarter. Tredje AP fonden now owns 57,099 shares of the oilfield services provider’s stock worth $3,112,000 after acquiring an additional 30,370 shares during the period. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Baker Hughes A GE during the second quarter worth about $994,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

BHI has been the topic of several research reports. 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 reiterated 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. Jefferies Group LLC set a $67.00 price objective on shares of Baker Hughes A GE and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Barclays PLC reiterated a “buy” rating on shares of Baker Hughes A GE in a research note on Thursday, June 22nd. Finally, Morgan Stanley initiated 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 on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.27.

Shares of Baker Hughes A GE Co (NYSE:BHI) opened at 57.68 on Monday. Baker Hughes A GE Co has a one year low of $43.09 and a one year high of $68.59. The company’s 50-day moving average is $55.90 and its 200-day moving average is $59.83.

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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.

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

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