Strategy Asset Managers LLC Invests $5.23 Million in Baker Hughes, a GE company Class A (BHGE) Stock

Strategy Asset Managers LLC purchased a new position in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 142,745 shares of the company’s stock, valued at approximately $5,227,000. Baker Hughes, a GE company Class A comprises 1.1% of Strategy Asset Managers LLC’s holdings, making the stock its 28th biggest holding.

Other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $15,647,000. Toronto Dominion Bank purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $5,908,000. Municipal Employees Retirement System of Michigan purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $405,000. New York State Common Retirement Fund purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $35,818,000. Finally, CIBC Asset Management Inc purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $1,661,000.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli acquired 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $32.99 per share, with a total value of $201,239.00. Following the purchase, the insider now owns 9,139 shares in the company, valued at $301,495.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthias L. Heilmann acquired 1,500 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average cost of $30.04 per share, with a total value of $45,060.00. Following the purchase, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The disclosure for this purchase can be found here.

Several equities analysts have weighed in on BHGE shares. Cowen and Company set a $50.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Seaport Global Securities reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Thursday, July 20th. Morgan Stanley set a $53.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Monday, October 23rd. Barclays PLC set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, B. Riley reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and a consensus target price of $40.74.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) traded down $0.98 during trading hours on Monday, hitting $31.97. 2,914,174 shares of the company’s stock were exchanged, compared to its average volume of 3,860,000. Baker Hughes, a GE company Class A has a 52 week low of $29.62 and a 52 week high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A’s revenue for the quarter was up 77.7% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, November 3rd. This is a positive change from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17.

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Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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