Gideon Capital Advisors Inc. Acquires Shares of 10,128 Baker Hughes A GE Co (BHGE)
Gideon Capital Advisors Inc. acquired a new stake in Baker Hughes A GE Co (NYSE:BHGE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,128 shares of the company’s stock, valued at approximately $218,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors boosted its stake in shares of Baker Hughes A GE by 1,249.7% in the third quarter. Capital International Investors now owns 16,163,579 shares of the company’s stock worth $546,814,000 after acquiring an additional 14,965,979 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Baker Hughes A GE by 31.9% in the fourth quarter. BlackRock Inc. now owns 35,009,945 shares of the company’s stock worth $752,716,000 after acquiring an additional 8,467,168 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Baker Hughes A GE by 133.7% in the fourth quarter. Mackenzie Financial Corp now owns 5,303,247 shares of the company’s stock worth $114,020,000 after acquiring an additional 3,034,031 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Baker Hughes A GE in the third quarter worth approximately $80,306,000. Finally, Dodge & Cox boosted its stake in shares of Baker Hughes A GE by 4.2% in the third quarter. Dodge & Cox now owns 39,653,536 shares of the company’s stock worth $1,341,479,000 after acquiring an additional 1,606,897 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.
In other Baker Hughes A GE news, insider William D. Marsh sold 1,242 shares of Baker Hughes A GE stock in a transaction on Friday, January 25th. The stock was sold at an average price of $23.31, for a total value of $28,951.02. Following the sale, the insider now owns 35,257 shares in the company, valued at $821,840.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.
Baker Hughes A GE (NYSE:BHGE) last posted its earnings results on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing the Zacks’ 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 business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.04 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, research analysts predict that Baker Hughes A GE Co will post 1.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Monday, February 4th were given a $0.18 dividend. The ex-dividend date was Friday, February 1st. This represents a $0.72 dividend on an annualized basis and a yield of 2.59%. Baker Hughes A GE’s dividend payout ratio is currently 109.09%.
A number of analysts have recently issued reports on BHGE shares. Morgan Stanley lowered Baker Hughes A GE from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 5th. ValuEngine lowered Baker Hughes A GE from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Societe Generale assumed coverage on Baker Hughes A GE in a research note on Wednesday, February 27th. They set a “buy” rating and a $36.00 price objective on the stock. Credit Suisse Group raised Baker Hughes A GE from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $33.00 to $25.00 in a research note on Wednesday, December 19th. Finally, Zacks Investment Research raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.88.
Baker Hughes A GE Company 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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