California Public Employees Retirement System Buys Shares of 919,818 Baker Hughes, a GE company Class A (BHGE)

California Public Employees Retirement System bought a new position in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 919,818 shares of the company’s stock, valued at approximately $33,684,000. California Public Employees Retirement System owned approximately 0.21% of Baker Hughes, a GE company Class A as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Bank & Trust acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $101,000. Amica Retiree Medical Trust acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $101,000. Trust Co. of Vermont acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $105,000. Westside Investment Management Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $108,000. Finally, Sun Life Financial INC acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $115,000. 89.48% of the stock is owned by institutional investors and hedge funds.

In related news, insider Matthias L. Heilmann acquired 1,500 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the acquisition, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

A number of equities analysts have weighed in on the company. J P Morgan Chase & Co reduced their price target on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. Barclays set a $43.00 price target on Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a research report on Friday, September 29th. Bank of America assumed coverage on Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They set an “underperform” rating and a $36.00 price target for the company. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $38.00 price target (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Finally, UBS downgraded Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.74.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $30.26 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08. Baker Hughes, a GE company Class A has a twelve month low of $29.62 and a twelve month high of $66.59.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings data 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 analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. Baker Hughes, a GE company Class A’s revenue was up 77.7% on a year-over-year basis. equities research analysts predict that Baker Hughes, a GE company Class A will post 0.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, November 3rd. This is an increase from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. Baker Hughes, a GE company Class A’s dividend payout ratio is presently -111.34%.

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Baker Hughes, a GE company Class A Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

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