Baker Hughes A GE Co (NYSE:BHGE) Insider Uwem Ukpong Sells 16,686 Shares

Baker Hughes A GE Co (NYSE:BHGE) insider Uwem Ukpong sold 16,686 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $23.62, for a total transaction of $394,123.32. Following the completion of the transaction, the insider now owns 271 shares in the company, valued at $6,401.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE BHGE traded down $0.83 during midday trading on Thursday, hitting $21.18. The company had a trading volume of 57,421 shares, compared to its average volume of 5,039,510. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.60. The firm has a market cap of $21.97 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The stock has a fifty day moving average of $24.33. Baker Hughes A GE Co has a fifty-two week low of $20.09 and a fifty-two week high of $34.49.

Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.81 billion. Baker Hughes A GE had a net margin of 0.71% and a return on equity of 1.07%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. As a group, research analysts anticipate that Baker Hughes A GE Co will post 0.98 EPS for the current year.



The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Tuesday, August 13th will be given a $0.18 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.72 annualized dividend and a yield of 3.40%. Baker Hughes A GE’s dividend payout ratio is 109.09%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. acquired a new stake in Baker Hughes A GE in the 1st quarter worth $33,000. Commonwealth Bank of Australia boosted its position in shares of Baker Hughes A GE by 63.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,241 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Bremer Bank National Association acquired a new stake in shares of Baker Hughes A GE during the 1st quarter valued at about $38,000. Perkins Coie Trust Co boosted its position in shares of Baker Hughes A GE by 38.3% during the 2nd quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock valued at $40,000 after acquiring an additional 453 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Baker Hughes A GE during the 1st quarter valued at about $47,000. Institutional investors own 96.03% of the company’s stock.

A number of research analysts recently issued reports on the stock. Credit Suisse Group raised their target price on shares of Baker Hughes A GE from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Jefferies Financial Group set a $32.00 target price on shares of Baker Hughes A GE and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Co lowered their target price on shares of Baker Hughes A GE from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. AltaCorp Capital reiterated an “outperform” rating on shares of Baker Hughes A GE in a research note on Thursday, June 20th. Finally, Royal Bank of Canada lowered their target price on shares of Baker Hughes A GE to $33.00 and set an “average” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Baker Hughes A GE has a consensus rating of “Buy” and a consensus price target of $35.44.

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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