318,428 Shares in Baker Hughes, a GE company Class A (BHGE) Purchased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA purchased a new stake in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 318,428 shares of the company’s stock, valued at approximately $11,661,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHGE. American Century Companies Inc. bought a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at about $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 3rd quarter valued at about $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 3rd quarter valued at about $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 3rd quarter valued at about $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 3rd quarter valued at about $24,992,000.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at $31.88 on Tuesday. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.52 billion. The business’s revenue for the quarter was up 77.7% on a year-over-year basis.

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

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

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a research report on Monday. B. Riley reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Friday, November 3rd. Barclays PLC set a $41.00 price target on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Thursday, October 26th. Citigroup Inc. reduced their price target on Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada set a $38.00 price target on Baker Hughes, a GE company Class A and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.74.

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

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