First Bank & Trust grew its stake in shares of Baker Hughes A GE Co (NYSE:BHGE) by 53.4% in the first quarter, HoldingsChannel reports. The firm owned 5,828 shares of the company’s stock after purchasing an additional 2,030 shares during the period. First Bank & Trust’s holdings in Baker Hughes A GE were worth $161,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of BHGE. BlackRock Inc. increased its holdings in Baker Hughes A GE by 31.9% during the 4th quarter. BlackRock Inc. now owns 35,009,945 shares of the company’s stock worth $752,716,000 after purchasing an additional 8,467,168 shares in the last quarter. Norges Bank bought a new stake in Baker Hughes A GE during the 4th quarter worth approximately $110,806,000. Millennium Management LLC increased its holdings in Baker Hughes A GE by 72.5% during the 4th quarter. Millennium Management LLC now owns 10,141,107 shares of the company’s stock worth $218,034,000 after purchasing an additional 4,260,917 shares in the last quarter. FMR LLC increased its holdings in Baker Hughes A GE by 11.7% during the 4th quarter. FMR LLC now owns 36,476,714 shares of the company’s stock worth $784,250,000 after purchasing an additional 3,826,019 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Baker Hughes A GE by 45.4% during the 4th quarter. American Century Companies Inc. now owns 11,652,657 shares of the company’s stock worth $250,532,000 after purchasing an additional 3,635,694 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.
In other Baker Hughes A GE news, insider William D. Marsh sold 1,242 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $23.31, for a total transaction 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 $821,840.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.
BHGE has been the subject of a number of recent research reports. Cowen reissued an “outperform” rating and set a $32.00 price objective (down from $34.00) on shares of Baker Hughes A GE in a report on Monday, February 4th. Goldman Sachs Group started coverage on Baker Hughes A GE in a report on Sunday, March 10th. They issued a “conviction-buy” rating and a $36.00 target price for the company. Societe Generale started coverage on Baker Hughes A GE in a report on Wednesday, February 27th. They issued a “buy” rating and a $36.00 target price for the company. Barclays reaffirmed a “buy” rating and issued a $32.00 target price on shares of Baker Hughes A GE in a report on Friday, January 18th. Finally, ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $35.88.
BHGE stock opened at $25.95 on Tuesday. The company has a market capitalization of $27.34 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 0.53 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 announced its quarterly earnings data on Thursday, January 31st. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same period last year, the company posted $0.15 earnings per share. Analysts anticipate that Baker Hughes A GE Co will post 1.02 earnings per share for the current fiscal year.
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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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