Baker Hughes, a GE company Class A (BHGE) Holdings Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 21.1% during the 4th quarter, Holdings Channel reports. The firm owned 256,284 shares of the company’s stock after selling 68,624 shares during the quarter. Teacher Retirement System of Texas’ holdings in Baker Hughes, a GE company Class A were worth $8,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Bank & Trust purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $101,000. Amica Retiree Medical Trust purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $101,000. Trust Co. of Vermont purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $105,000. Westside Investment Management Inc. purchased a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $108,000. Finally, Sun Life Financial INC purchased a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $115,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Bank of America dropped their price target on Baker Hughes, a GE company Class A from $36.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley dropped their price target on Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. B. Riley restated a “hold” rating and issued a $36.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Monday, January 29th. Finally, Goldman Sachs Group upgraded Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 price target on the stock in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Baker Hughes, a GE company Class A presently has an average rating of “Hold” and an average price target of $37.98.

Baker Hughes, a GE company Class A (BHGE) opened at $26.42 on Thursday. The firm has a market capitalization of $11,106.89, a price-to-earnings ratio of -25.65, a P/E/G ratio of 4.40 and a beta of 0.68. The company has a current ratio of 2.08, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Baker Hughes, a GE company Class A has a 52-week low of $25.63 and a 52-week high of $62.24.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.60 billion. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. Baker Hughes, a GE company Class A’s revenue for the quarter was down 2.7% compared to the same quarter last year. equities analysts anticipate that Baker Hughes, a GE company Class A will post 0.84 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.72 annualized dividend and a yield of 2.73%. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is presently -209.71%.

In related news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the insider now directly owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by insiders.

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Baker Hughes, a GE company Class A Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

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