Oregon Public Employees Retirement Fund acquired a new position in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,356 shares of the company’s stock, valued at approximately $1,661,000.

Several other hedge funds have also made changes to their positions in BHGE. American Century Companies Inc. bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $219,160,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $43,351,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $38,183,000. New York State Teachers Retirement System bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $25,393,000. Finally, APG Asset Management N.V. bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $24,992,000.

In related news, insider Matthias L. Heilmann acquired 1,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were bought at an average cost of $30.04 per share, with a total value of $45,060.00. Following the completion of the transaction, the insider now directly owns 3,500 shares of the company’s stock, valued at $105,140. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lorenzo Simonelli acquired 6,100 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $32.99 per share, for a total transaction of $201,239.00. Following the completion of the transaction, the insider now directly owns 9,139 shares of the company’s stock, valued at $301,495.61. The disclosure for this purchase can be found here.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at $31.88 on Tuesday. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.52 billion. The business’s revenue for the quarter was up 77.7% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be given a $0.18 dividend. The ex-dividend date is Friday, November 3rd. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.26%.

A number of brokerages have recently commented on BHGE. Zacks Investment Research raised shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a research report on Monday. FBR & Co initiated coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, July 17th. They issued a “market perform” rating and a $42.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price target (down from $67.00) on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 9th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Thursday, July 20th. Finally, Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, August 21st. They set a “buy” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.74.

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

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