Envestnet Asset Management Inc. purchased a new position in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,390 shares of the company’s stock, valued at approximately $893,000.

A number of other institutional investors have also made changes to their positions in the stock. First Bank & Trust purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $101,000. Amica Retiree Medical Trust purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $101,000. Trust Co. of Vermont purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $105,000. Westside Investment Management Inc. purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $108,000. Finally, Sun Life Financial INC purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $115,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

BHGE has been the subject of a number of research reports. Royal Bank of Canada set a $44.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Saturday, October 7th. Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They set a “buy” rating for the company. Cowen set a $50.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Morgan Stanley set a $53.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Citigroup decreased their price target on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.74.

Baker Hughes, a GE company Class A (NYSE BHGE) opened at $32.74 on Thursday. Baker Hughes, a GE company Class A has a 1-year low of $29.62 and a 1-year high of $65.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings data on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.52 billion. The company’s quarterly revenue was up 77.7% on a year-over-year basis. sell-side analysts expect that Baker Hughes, a GE company Class A will post 0.4 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, November 3rd. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. Baker Hughes, a GE company Class A’s dividend payout ratio is -111.34%.

In related news, insider Matthias L. Heilmann bought 1,500 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the purchase, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

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Baker Hughes, a GE company Class A Company Profile

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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