Candriam Luxembourg S.C.A. increased its stake in shares of Baker Hughes A GE Co (NYSE:BHGE) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,059 shares of the company’s stock after buying an additional 7,171 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Baker Hughes A GE were worth $4,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in Baker Hughes A GE by 0.8% during the second quarter. Boston Partners now owns 228,272 shares of the company’s stock worth $7,540,000 after buying an additional 1,915 shares in the last quarter. First American Trust FSB boosted its holdings in Baker Hughes A GE by 2.2% during the third quarter. First American Trust FSB now owns 98,855 shares of the company’s stock worth $3,345,000 after buying an additional 2,102 shares in the last quarter. Tyers Asset Management LLC boosted its holdings in Baker Hughes A GE by 16.0% during the second quarter. Tyers Asset Management LLC now owns 16,144 shares of the company’s stock worth $533,000 after buying an additional 2,224 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Baker Hughes A GE by 0.9% during the third quarter. Toronto Dominion Bank now owns 270,641 shares of the company’s stock worth $9,154,000 after buying an additional 2,335 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A boosted its holdings in Baker Hughes A GE by 4.0% during the second quarter. OLD Point Trust & Financial Services N A now owns 65,457 shares of the company’s stock worth $2,162,000 after buying an additional 2,500 shares in the last quarter. 93.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BHGE opened at $23.37 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $9.63 billion, a PE ratio of 44.94, a PEG ratio of 4.53 and a beta of 0.84. Baker Hughes A GE Co has a 1-year low of $22.55 and a 1-year high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.88 billion. Baker Hughes A GE had a net margin of 0.16% and a return on equity of 0.59%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Research analysts anticipate that Baker Hughes A GE Co will post 0.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Thursday, November 15th. Baker Hughes A GE’s dividend payout ratio is presently 138.46%.

BHGE has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on shares of Baker Hughes A GE in a report on Monday, September 10th. They set a “buy” rating and a $40.00 price objective on the stock. B. Riley reissued a “buy” rating on shares of Baker Hughes A GE in a report on Monday, September 10th. Barclays reissued a “buy” rating and set a $37.00 price objective on shares of Baker Hughes A GE in a report on Thursday, July 26th. Jefferies Financial Group upgraded shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Tuesday, October 9th. Finally, HSBC cut their target price on shares of Baker Hughes A GE to $40.00 and set a “buy” rating for the company in a research report on Monday, October 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. Baker Hughes A GE currently has a consensus rating of “Buy” and a consensus price target of $36.79.

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

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