Everence Capital Management Inc. Sells 610 Shares of Baker Hughes A GE Co (BHGE)

Everence Capital Management Inc. decreased its holdings in shares of Baker Hughes A GE Co (NYSE:BHGE) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 37,282 shares of the company’s stock after selling 610 shares during the quarter. Everence Capital Management Inc.’s holdings in Baker Hughes A GE were worth $1,033,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in Baker Hughes A GE by 11.7% during the fourth quarter. FMR LLC now owns 36,476,714 shares of the company’s stock worth $784,250,000 after purchasing an additional 3,826,019 shares in the last quarter. BlackRock Inc. raised its holdings in Baker Hughes A GE by 31.9% during the fourth quarter. BlackRock Inc. now owns 35,009,945 shares of the company’s stock worth $752,716,000 after purchasing an additional 8,467,168 shares in the last quarter. American Century Companies Inc. raised its holdings in Baker Hughes A GE by 45.4% during the fourth quarter. American Century Companies Inc. now owns 11,652,657 shares of the company’s stock worth $250,532,000 after purchasing an additional 3,635,694 shares in the last quarter. Millennium Management LLC raised its holdings in Baker Hughes A GE by 72.5% during the fourth quarter. Millennium Management LLC now owns 10,141,107 shares of the company’s stock worth $218,034,000 after purchasing an additional 4,260,917 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Baker Hughes A GE by 31.2% during the fourth quarter. Geode Capital Management LLC now owns 6,024,741 shares of the company’s stock worth $129,283,000 after purchasing an additional 1,432,685 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Several research firms recently issued reports on BHGE. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Morgan Stanley cut shares of Baker Hughes A GE from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 5th. Zacks Investment Research cut shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Societe Generale began coverage on shares of Baker Hughes A GE in a report on Wednesday, February 27th. They set a “buy” rating and a $36.00 price target for the company. Finally, Goldman Sachs Group assumed coverage on shares of Baker Hughes A GE in a report on Sunday, March 10th. They set a “conviction-buy” rating and a $36.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Baker Hughes A GE has an average rating of “Buy” and a consensus target price of $35.56.



Shares of Baker Hughes A GE stock opened at $21.74 on Tuesday. Baker Hughes A GE Co has a 12-month low of $20.09 and a 12-month high of $37.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.65 and a quick ratio of 1.11. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 0.77 and a beta of 0.80.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes A GE had a net margin of 0.68% and a return on equity of 0.88%. The company had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same period last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Baker Hughes A GE Co will post 0.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be given a $0.18 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.31%. Baker Hughes A GE’s dividend payout ratio is presently 109.09%.

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About Baker Hughes A GE

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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