Baker Hughes A GE Co (BHI) Stake Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Baker Hughes A GE Co (NYSE:BHI) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,825 shares of the oilfield services provider’s stock after buying an additional 9,075 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Baker Hughes A GE were worth $3,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BHI. BlackRock Inc. raised its position in shares of Baker Hughes A GE by 1,858.5% in the first quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock worth $1,964,079,000 after buying an additional 31,156,767 shares in the last quarter. ValueAct Holdings L.P. raised its position in shares of 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 worth $1,878,816,000 after buying an additional 4,000,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Baker Hughes A GE by 3.5% in the first quarter. Vanguard Group Inc. now owns 29,075,548 shares of the oilfield services provider’s stock worth $1,739,299,000 after buying an additional 991,070 shares in the last quarter. American Century Companies Inc. raised its position in shares of Baker Hughes A GE by 5.7% in the first quarter. American Century Companies Inc. now owns 5,902,846 shares of the oilfield services provider’s stock worth $353,108,000 after buying an additional 317,615 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Baker Hughes A GE by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 4,720,486 shares of the oilfield services provider’s stock worth $282,378,000 after buying an additional 212,977 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes A GE Co (NYSE BHI) opened at 57.68 on Friday. Baker Hughes A GE Co has a 52-week low of $43.09 and a 52-week high of $68.59. The company’s 50-day moving average price is $55.90 and its 200 day moving average price is $59.83.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.com-unik.info/2017/08/18/baker-hughes-a-ge-co-bhi-stake-raised-by-dekabank-deutsche-girozentrale.html.

A number of research analysts recently weighed in on BHI shares. HSBC Holdings plc reaffirmed a “hold” rating and set a $58.00 price objective (down previously from $60.00) on shares of Baker Hughes A GE in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $72.00 price objective on shares of Baker Hughes A GE in a report on Friday, May 26th. ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Tudor Pickering lowered Baker Hughes A GE from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Evercore ISI set a $72.00 price objective on Baker Hughes A GE and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $63.10.

About Baker Hughes A GE

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.

Want to see what other hedge funds are holding BHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes A GE Co (NYSE:BHI).

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

What are top analysts saying about Baker Hughes A GE Co? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Baker Hughes A GE Co and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit