Baker Hughes A GE Co (NYSE:BHGE) gapped up prior to trading on Monday . The stock had previously closed at $21.91, but opened at $22.72. Baker Hughes A GE shares last traded at $23.81, with a volume of 22,346,152 shares trading hands.

BHGE has been the topic of several analyst reports. AltaCorp Capital reiterated an “outperform” rating on shares of Baker Hughes A GE in a research note on Thursday, June 20th. Bank of America reduced their price objective on Baker Hughes A GE from $32.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. TheStreet upgraded Baker Hughes A GE from a “d+” rating to a “c-” rating in a research note on Thursday, June 20th. Wells Fargo & Co reduced their price objective on Baker Hughes A GE from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Credit Suisse Group increased their price objective on Baker Hughes A GE from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Baker Hughes A GE presently has a consensus rating of “Buy” and an average price target of $34.87.

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.60 and a quick ratio of 1.09. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.90 and a beta of 0.96. The stock has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $24.32.

Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Baker Hughes A GE had a return on equity of 1.07% and a net margin of 0.71%. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the firm earned $0.10 earnings per share. Baker Hughes A GE’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that Baker Hughes A GE Co will post 0.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Tuesday, August 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Monday, August 12th. Baker Hughes A GE’s dividend payout ratio is presently 109.09%.

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $20.75 per share, with a total value of $207,500.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at approximately $311,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Uwem Ukpong sold 16,686 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $23.62, for a total value of $394,123.32. Following the transaction, the insider now directly owns 271 shares in the company, valued at approximately $6,401.02. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of BHGE. BlackRock Inc. grew its holdings in shares of Baker Hughes A GE by 18.8% during the second quarter. BlackRock Inc. now owns 45,244,203 shares of the company’s stock worth $1,114,366,000 after purchasing an additional 7,154,384 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Baker Hughes A GE by 28,940.7% during the second quarter. Nuveen Asset Management LLC now owns 3,283,345 shares of the company’s stock worth $80,869,000 after purchasing an additional 3,272,039 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Baker Hughes A GE by 24.4% during the first quarter. The Manufacturers Life Insurance Company now owns 11,739,780 shares of the company’s stock worth $325,427,000 after purchasing an additional 2,301,773 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Baker Hughes A GE by 31.2% during the fourth quarter. Geode Capital Management LLC now owns 6,024,741 shares of the company’s stock worth $129,283,000 after purchasing an additional 1,432,685 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Baker Hughes A GE by 14.1% during the second quarter. Pzena Investment Management LLC now owns 6,319,078 shares of the company’s stock worth $155,639,000 after purchasing an additional 778,490 shares during the last quarter. 48.33% of the stock is currently owned by institutional investors.

Baker Hughes A GE Company Profile (NYSE:BHGE)

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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