Chicago Equity Partners LLC Takes Position in Baker Hughes A GE Co (BHGE)

Chicago Equity Partners LLC acquired a new stake in shares of Baker Hughes A GE Co (NYSE:BHGE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,110 shares of the company’s stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BHGE. Capital International Investors boosted its holdings in Baker Hughes A GE by 1,249.7% during the 3rd quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock valued at $546,814,000 after acquiring an additional 14,965,979 shares during the period. Point72 Asset Management L.P. purchased a new position in Baker Hughes A GE during the 3rd quarter valued at $80,306,000. Dodge & Cox boosted its holdings in Baker Hughes A GE by 4.2% during the 3rd quarter. Dodge & Cox now owns 39,653,536 shares of the company’s stock valued at $1,341,479,000 after acquiring an additional 1,606,897 shares during the period. Capital World Investors boosted its holdings in Baker Hughes A GE by 2.2% during the 3rd quarter. Capital World Investors now owns 49,431,229 shares of the company’s stock valued at $1,672,258,000 after acquiring an additional 1,061,251 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Baker Hughes A GE by 19.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,492,903 shares of the company’s stock valued at $151,994,000 after acquiring an additional 715,814 shares during the period. Institutional investors own 96.03% of the company’s stock.

A number of research firms recently issued reports on BHGE. Guggenheim cut Baker Hughes A GE from a “hold” rating to a “neutral” rating in a report on Thursday, November 1st. ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Cowen reaffirmed an “outperform” rating and set a $32.00 target price (down from $34.00) on shares of Baker Hughes A GE in a research report on Monday, February 4th. Credit Suisse Group raised Baker Hughes A GE from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $33.00 to $25.00 in a research report on Wednesday, December 19th. Finally, Bank of America reaffirmed a “buy” rating and set a $27.00 target price (down from $37.00) on shares of Baker Hughes A GE in a research report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $35.87.

BHGE opened at $26.58 on Thursday. The firm has a market capitalization of $10.75 billion, a PE ratio of 40.27, a P/E/G ratio of 0.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.15. Baker Hughes A GE Co has a 12 month low of $20.09 and a 12 month high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.04 billion. Baker Hughes A GE had a return on equity of 0.76% and a net margin of 0.85%. During the same period in the previous year, the firm posted $0.15 earnings per share. Research analysts expect that Baker Hughes A GE Co will post 1.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Monday, February 4th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Friday, February 1st. Baker Hughes A GE’s payout ratio is 109.09%.

In other news, insider William D. Marsh sold 1,242 shares of the business’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $23.31, for a total value of $28,951.02. Following the completion of the transaction, the insider now directly owns 35,257 shares of the company’s stock, valued at approximately $821,840.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

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Baker Hughes A GE Profile

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

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