Baker Hughes A GE Co (BHI) Stake Maintained by Laffer Investments

Laffer Investments maintained its stake in Baker Hughes A GE Co (NYSE:BHI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,510 shares of the oilfield services provider’s stock at the end of the 2nd quarter. Laffer Investments’ holdings in Baker Hughes A GE were worth $1,609,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. lifted its position in shares of Baker Hughes A GE by 7.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,880 shares of the oilfield services provider’s stock worth $103,000 after buying an additional 138 shares during the last quarter. Partners Capital Investment Group Holdings LLC lifted its position in shares of Baker Hughes A GE by 0.3% in the first quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock worth $116,000 after buying an additional 5 shares during the last quarter. TrimTabs Asset Management LLC lifted its position in shares of Baker Hughes A GE by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 2,121 shares of the oilfield services provider’s stock worth $127,000 after buying an additional 1,000 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Baker Hughes A GE in the second quarter worth about $132,000. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Baker Hughes A GE by 22.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,989 shares of the oilfield services provider’s stock worth $179,000 after buying an additional 551 shares during the last quarter. 91.32% of the stock is owned by institutional investors.

A number of analysts have weighed in on the company. Royal Bank Of Canada set a $72.00 price target on Baker Hughes A GE and gave the stock a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research cut Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Guggenheim cut Baker Hughes A GE from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a $58.00 price target (down previously from $60.00) on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Baker Hughes A GE has an average rating of “Hold” and an average target price of $62.27.

Baker Hughes A GE Co (BHI) traded up 5.82% during midday trading on Wednesday, hitting $57.68. The stock had a trading volume of 4,124,512 shares. The company’s 50 day moving average is $55.90 and its 200 day moving average is $59.83. Baker Hughes A GE Co has a 1-year low of $43.09 and a 1-year high of $68.59.

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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.

Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHI)

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