QS Investors LLC lifted its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 131.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,600 shares of the oilfield services provider’s stock after buying an additional 62,220 shares during the quarter. QS Investors LLC’s holdings in Baker Hughes A GE were worth $5,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. grew its holdings in Baker Hughes A GE by 11.3% in the first quarter. UBS Asset Management Americas Inc. now owns 1,305,240 shares of the oilfield services provider’s stock worth $78,079,000 after purchasing an additional 132,609 shares during the period. Envestnet Asset Management Inc. grew its holdings in Baker Hughes A GE by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 24,661 shares of the oilfield services provider’s stock worth $1,477,000 after purchasing an additional 1,278 shares during the period. M&T Bank Corp grew its holdings in Baker Hughes A GE by 6.8% in the first quarter. M&T Bank Corp now owns 247,433 shares of the oilfield services provider’s stock worth $14,799,000 after purchasing an additional 15,775 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in Baker Hughes A GE by 19.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 14,400 shares of the oilfield services provider’s stock worth $861,000 after purchasing an additional 2,300 shares during the period. Finally, Stifel Financial Corp grew its holdings in Baker Hughes A GE by 8.5% in the first quarter. Stifel Financial Corp now owns 14,317 shares of the oilfield services provider’s stock worth $855,000 after purchasing an additional 1,118 shares during the period. Institutional investors own 91.32% of the company’s stock.

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

BHI has been the topic of a number of recent research reports. HSBC Holdings plc restated a “hold” rating and issued a $58.00 price objective (down previously from $60.00) on shares of Baker Hughes A GE in a report on Thursday, June 22nd. Royal Bank Of Canada set a $72.00 price objective on shares of Baker Hughes A GE and gave the stock a “buy” rating in a report on Saturday, July 1st. ValuEngine upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Tudor Pickering cut shares of Baker Hughes A GE from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Morgan Stanley initiated coverage on shares of Baker Hughes A GE in a report on Monday, July 17th. They issued an “overweight” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.27.

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Baker Hughes A GE Company 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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