80,758 Shares in Baker Hughes, a GE company Class A (BHGE) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in Baker Hughes, a GE company Class A (NYSE:BHGE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,758 shares of the company’s stock, valued at approximately $2,957,000.

Other large investors have also recently modified their holdings of the company. First Bank & Trust purchased a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $101,000. Amica Retiree Medical Trust purchased a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $101,000. Trust Co. of Vermont purchased a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $105,000. Westside Investment Management Inc. purchased a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $108,000. Finally, Sun Life Financial INC purchased a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $115,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann purchased 1,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were bought at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the purchase, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Baker Hughes, a GE company Class A (BHGE) opened at $32.74 on Thursday. Baker Hughes, a GE company Class A has a 12 month low of $29.62 and a 12 month high of $65.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. The business’s revenue for the quarter was up 77.7% on a year-over-year basis. sell-side analysts expect that Baker Hughes, a GE company Class A will post 0.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a dividend of $0.18 per share. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.20%. Baker Hughes, a GE company Class A’s dividend payout ratio is -111.34%.

A number of research firms have issued reports on BHGE. Cowen reiterated an “outperform” rating and issued a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 23rd. Susquehanna Bancshares reiterated a “neutral” rating and issued a $38.00 target price (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Argus began coverage on shares of Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They issued a “buy” rating for the company. Bank of America began coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They issued an “underperform” rating and a $36.00 target price for the company. Finally, Royal Bank of Canada set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Saturday, October 7th. Two equities research 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 stock has a consensus rating of “Hold” and an average target price of $40.74.

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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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