Baker Hughes, a GE company Class A (BHGE) to Issue Monthly Dividend of $0.17 on August 25th
Baker Hughes, a GE company Class A (NASDAQ:BHGE) declared a monthly dividend on Tuesday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 11th will be given a dividend of 0.17 per share on Friday, August 25th. This represents a $2.04 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, August 9th.
Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 34.56 on Tuesday. The firm’s market capitalization is $14.79 billion. Baker Hughes, a GE company Class A has a 12 month low of $33.44 and a 12 month high of $40.82. The stock’s 50 day moving average price is $44.52 and its 200 day moving average price is $55.57.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings results on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.27. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the business earned ($0.90) earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts forecast that Baker Hughes, a GE company Class A will post $0.51 earnings per share for the current year.
Several research firms have recently weighed in on BHGE. Seaport Global Securities reaffirmed a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $37.00 price objective on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. FBR & Co began coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. They set a “market perform” rating and a $42.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $43.00 price objective (down previously from $65.00) on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.71.
In related news, CFO Brian Worrell purchased 2,801 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average cost of $35.24 per share, with a total value of $98,707.24. Following the completion of the purchase, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at $98,707.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Rice purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $176,850. The disclosure for this purchase can be found here.
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