First Quadrant L P CA Purchases New Stake in Baker Hughes, a GE company Class A (BHGE)

First Quadrant L P CA purchased a new position in shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 88,342 shares of the company’s stock, valued at approximately $3,235,000.

Several other hedge funds also recently modified their holdings of the company. First Bank & Trust bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $101,000. Trust Co. of Vermont bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $105,000. Carroll Financial Associates Inc. bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $136,000. M&R Capital Management Inc. bought a new position in shares of Baker Hughes, a GE company Class A during the second quarter worth about $141,000. Finally, Fairpointe Capital LLC bought a new position in shares of Baker Hughes, a GE company Class A during the second quarter worth about $229,000.

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A number of equities analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $37.00 target price on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 18th. J P Morgan Chase & Co cut their target price on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. HSBC Holdings plc assumed coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a “buy” rating and a $48.00 target price on the stock. FBR & Co assumed coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. They issued a “market perform” rating and a $42.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a $60.00 target price on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Baker Hughes, a GE company Class A currently has a consensus rating of “Hold” and an average price target of $40.74.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli bought 6,100 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $32.99 per share, with a total value of $201,239.00. Following the completion of the purchase, the insider now directly owns 9,139 shares in the company, valued at approximately $301,495.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 2.29%. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17.

Want to see what other hedge funds are holding BHGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes, a GE company Class A (NASDAQ:BHGE).

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

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