Bank of Hawaii purchased a new stake in Baker Hughes A GE Co (NYSE:BHGE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,121 shares of the company’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also modified their holdings of BHGE. Rational Advisors LLC acquired a new position in Baker Hughes A GE in the first quarter valued at approximately $139,000. Indiana Trust & Investment Management CO acquired a new position in shares of Baker Hughes A GE during the second quarter worth approximately $205,000. Global X Management Co. LLC acquired a new position in shares of Baker Hughes A GE during the first quarter worth approximately $207,000. Rathbone Brothers plc acquired a new position in shares of Baker Hughes A GE during the second quarter worth approximately $210,000. Finally, Kanawha Capital Management LLC acquired a new position in shares of Baker Hughes A GE during the second quarter worth approximately $213,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

BHGE has been the topic of a number of research reports. Cowen set a $40.00 target price on Baker Hughes A GE and gave the stock a “buy” rating in a research report on Friday, April 13th. Citigroup upped their target price on Baker Hughes A GE from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, June 25th. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Baker Hughes A GE in a research report on Sunday, April 22nd. Bank of America upped their target price on Baker Hughes A GE from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, April 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $38.00 target price on shares of Baker Hughes A GE in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.30.

Shares of Baker Hughes A GE opened at $34.75 on Friday, Marketbeat Ratings reports. Baker Hughes A GE Co has a 12-month low of $25.53 and a 12-month high of $38.10. The firm has a market cap of $14.48 billion, a P/E ratio of 66.83, a P/E/G ratio of 5.91 and a beta of 0.74. The company has a quick ratio of 1.36, a current ratio of 1.90 and a debt-to-equity ratio of 0.17.

Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings results on Friday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). Baker Hughes A GE had a positive return on equity of 0.43% and a negative net margin of 0.37%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the company posted $0.28 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that Baker Hughes A GE Co will post 0.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Tuesday, August 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 13th. This represents a $0.72 annualized dividend and a yield of 2.07%. Baker Hughes A GE’s dividend payout ratio (DPR) is currently 138.46%.

In other Baker Hughes A GE news, insider Matthias L. Heilmann sold 12,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total value of $408,000.00. Following the completion of the transaction, the insider now owns 3,743 shares in the company, valued at approximately $127,262. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kurt Camilleri sold 2,513 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $34.00, for a total value of $85,442.00. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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 for onshore and offshore operations.

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

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