Baker Hughes A GE Co (BHI) Position Held by Washington Capital Management Inc.

Washington Capital Management Inc. continued to hold its position in shares of Baker Hughes A GE Co (NYSE:BHI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,271 shares of the oilfield services provider’s stock at the end of the second quarter. Baker Hughes A GE comprises approximately 2.5% of Washington Capital Management Inc.’s holdings, making the stock its 15th largest position. Washington Capital Management Inc.’s holdings in Baker Hughes A GE were worth $2,195,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ValueAct Holdings L.P. boosted its stake in Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock valued at $1,878,816,000 after buying an additional 4,000,000 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in Baker Hughes A GE by 47.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 339,380 shares of the oilfield services provider’s stock valued at $20,302,000 after buying an additional 109,523 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Baker Hughes A GE by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 24,661 shares of the oilfield services provider’s stock valued at $1,477,000 after buying an additional 1,278 shares during the last quarter. Pitcairn Co. boosted its stake in Baker Hughes A GE by 4.4% in the first quarter. Pitcairn Co. now owns 3,910 shares of the oilfield services provider’s stock valued at $234,000 after buying an additional 165 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in Baker Hughes A GE during the first quarter valued at $208,000. Institutional investors own 91.32% of the company’s stock.

Shares of Baker Hughes A GE Co (BHI) traded up 5.82% during midday trading on Friday, reaching $57.68. The company’s stock had a trading volume of 4,124,512 shares. The stock has a 50-day moving average of $55.90 and a 200 day moving average of $59.83. Baker Hughes A GE Co has a 12-month low of $43.09 and a 12-month high of $68.59.

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Several analysts have weighed in on the company. Barclays PLC reaffirmed a “buy” rating on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Jefferies Group LLC dropped their price target on Baker Hughes A GE from $72.00 to $67.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Zacks Investment Research cut Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. BidaskClub raised Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. Baker Hughes A GE has a consensus rating of “Hold” and an average price target of $62.30.

Baker Hughes A GE Company Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHI)

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