Bank of Nova Scotia Purchases 14,491 Shares of Baker Hughes A GE Co (BHI)

Bank of Nova Scotia boosted its position in shares of Baker Hughes A GE Co (NYSE:BHI) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,840 shares of the oilfield services provider’s stock after purchasing an additional 14,491 shares during the quarter. Bank of Nova Scotia’s holdings in Baker Hughes A GE were worth $12,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Capital World Investors raised its holdings in Baker Hughes A GE by 44.3% during the 2nd quarter. Capital World Investors now owns 33,800,016 shares of the oilfield services provider’s stock worth $1,842,439,000 after purchasing an additional 10,370,000 shares during the last quarter. BlackRock Inc. raised its holdings in Baker Hughes A GE by 1,858.5% during the 1st quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock worth $1,964,079,000 after purchasing an additional 31,156,767 shares during the last quarter. ValueAct Holdings L.P. grew its position in shares of Baker Hughes A GE by 14.6% during the 1st 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 during the period. Vanguard Group Inc. grew its position in shares of Baker Hughes A GE by 3.5% during the 1st 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 during the period. Finally, Franklin Resources Inc. grew its position in shares of Baker Hughes A GE by 4.7% during the 2nd quarter. Franklin Resources Inc. now owns 24,960,495 shares of the oilfield services provider’s stock worth $1,360,540,000 after buying an additional 1,114,027 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on BHI. Royal Bank Of Canada set a $72.00 target price on Baker Hughes A GE and gave the stock a “buy” rating in a research report on Saturday, July 1st. FBR & Co began coverage on Baker Hughes A GE in a research report on Monday, July 17th. They set a “mkt perform” rating and a $42.00 target price for the company. HSBC Holdings plc restated a “hold” rating and set a $58.00 target price (down from $60.00) on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Barclays PLC restated a “buy” rating on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Finally, Guggenheim lowered Baker Hughes A GE from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $62.61.

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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.

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

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