FTB Advisors Inc. Purchases 37,498 Shares of Baker Hughes A GE Co (BHGE)

FTB Advisors Inc. raised its position in Baker Hughes A GE Co (NYSE:BHGE) by 44.2% in the 1st quarter, HoldingsChannel reports. The fund owned 122,392 shares of the company’s stock after purchasing an additional 37,498 shares during the period. FTB Advisors Inc.’s holdings in Baker Hughes A GE were worth $3,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in shares of Baker Hughes A GE in the 4th quarter worth approximately $35,000. Bremer Trust National Association acquired a new position in shares of Baker Hughes A GE in the 4th quarter worth approximately $36,000. JOYN Advisors Inc. raised its holdings in shares of Baker Hughes A GE by 271.0% in the 4th quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock worth $41,000 after buying an additional 1,409 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Baker Hughes A GE by 130.1% in the 4th quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock worth $45,000 after buying an additional 1,189 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Baker Hughes A GE by 91.6% in the 1st quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 825 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Shares of BHGE opened at $25.58 on Monday. The firm has a market capitalization of $26.51 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 0.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.66. Baker Hughes A GE Co has a 52 week low of $20.09 and a 52 week high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings data on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.04 billion. Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. During the same quarter in the previous year, the business posted $0.15 earnings per share. Analysts forecast that Baker Hughes A GE Co will post 1.02 EPS for the current year.

A number of brokerages have recently issued reports on BHGE. Zacks Investment Research raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Societe Generale assumed coverage on Baker Hughes A GE in a report on Wednesday, February 27th. They set a “buy” rating and a $36.00 price target for the company. ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Goldman Sachs Group assumed coverage on Baker Hughes A GE in a report on Sunday, March 10th. They set a “conviction-buy” rating and a $36.00 price target for the company. Finally, Cowen reaffirmed an “outperform” rating and set a $32.00 price target (down from $34.00) on shares of Baker Hughes A GE in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Baker Hughes A GE currently has an average rating of “Buy” and an average target price of $36.20.

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Baker Hughes A GE Company 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.

Further Reading: Call Option

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

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