Capital World Investors lifted its position in Baker Hughes A GE Co (NYSE:BHI) by 44.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,800,016 shares of the oilfield services provider’s stock after buying an additional 10,370,000 shares during the period. Capital World Investors’ holdings in Baker Hughes A GE were worth $1,842,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its holdings in shares of 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 valued at $78,079,000 after buying an additional 132,609 shares during the period. Envestnet Asset Management Inc. grew its holdings in Baker Hughes A GE by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 24,661 shares of the oilfield services provider’s stock worth $1,477,000 after acquiring an additional 1,278 shares during the period. Stifel Financial Corp grew its holdings in Baker Hughes A GE by 8.5% during the first quarter. Stifel Financial Corp now owns 14,317 shares of the oilfield services provider’s stock worth $855,000 after acquiring an additional 1,118 shares during the period. Victory Capital Management Inc. grew its holdings in Baker Hughes A GE by 1.9% during the first quarter. Victory Capital Management Inc. now owns 64,758 shares of the oilfield services provider’s stock worth $3,874,000 after acquiring an additional 1,217 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Baker Hughes A GE by 20.9% during the first quarter. Schroder Investment Management Group now owns 88,750 shares of the oilfield services provider’s stock worth $5,264,000 after acquiring an additional 15,318 shares during the period. 91.32% of the stock is currently owned by institutional investors.

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

Several equities analysts have recently weighed in on the stock. Barclays PLC restated a “buy” rating on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Baker Hughes A GE in a research note on Tuesday, July 18th. Finally, FBR & Co started coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They set a “mkt perform” rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $62.72.

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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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