Alliancebernstein L.P. trimmed its holdings in Baker Hughes A GE Co (NYSE:BHI) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,261 shares of the oilfield services provider’s stock after selling 51,462 shares during the period. Alliancebernstein L.P.’s holdings in Baker Hughes A GE were worth $39,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BHI. BlackRock Inc. raised its position in shares of Baker Hughes A GE by 1,858.5% in the first quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock valued at $1,964,079,000 after buying an additional 31,156,767 shares in the last quarter. ValueAct Holdings L.P. raised its position in shares of Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock valued at $1,878,816,000 after buying an additional 4,000,000 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Baker Hughes A GE by 3,529.3% in the first quarter. Janus Capital Management LLC now owns 1,925,065 shares of the oilfield services provider’s stock valued at $115,157,000 after buying an additional 1,872,022 shares in the last quarter. Eaton Vance Management acquired a new stake in shares of Baker Hughes A GE in the second quarter valued at approximately $63,949,000. Finally, Franklin Resources Inc. raised its position in shares of Baker Hughes A GE by 4.7% in the second quarter. Franklin Resources Inc. now owns 24,960,495 shares of the oilfield services provider’s stock valued at $1,360,540,000 after buying an additional 1,114,027 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

A number of research firms have recently weighed in on BHI. Royal Bank Of Canada set a $72.00 price target on shares of Baker Hughes A GE and gave the company a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Guggenheim downgraded shares of Baker Hughes A GE from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. ValuEngine upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a $58.00 price target (down from $60.00) on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $62.27.

Shares of Baker Hughes A GE Co (NYSE BHI) opened at 57.68 on Friday. The company has a 50 day moving average of $55.90 and a 200 day moving average of $59.83. Baker Hughes A GE Co has a 52 week low of $43.09 and a 52 week high of $68.59.

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Baker Hughes A GE Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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

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