16,000 Shares in Baker Hughes, a GE company Class A (BHGE) Acquired by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ bought a new stake in Baker Hughes, a GE company Class A (NASDAQ:BHGE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the company’s stock, valued at approximately $586,000.

Other hedge funds have also recently made changes to their positions in the company. South Dakota Investment Council purchased a new position in shares of Baker Hughes, a GE company Class A in the second quarter valued at $4,610,000. Osborn Williams & Donohoe LLC purchased a new position in shares of Baker Hughes, a GE company Class A in the third quarter valued at $514,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Baker Hughes, a GE company Class A in the third quarter valued at $2,790,000. Edge Wealth Management LLC purchased a new position in shares of Baker Hughes, a GE company Class A in the third quarter valued at $378,000. Finally, Arrow Financial Corp purchased a new position in shares of Baker Hughes, a GE company Class A in the third quarter valued at $303,000.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at 31.30 on Friday. The firm’s market capitalization is $13.40 billion. Baker Hughes, a GE company Class A has a 12-month low of $29.62 and a 12-month high of $68.59. The company has a 50-day moving average of $35.09 and a 200 day moving average of $44.24.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. The business’s quarterly revenue was up 77.7% on a year-over-year basis. On average, analysts predict that Baker Hughes, a GE company Class A will post $0.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a $0.18 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 2.30%.

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In related news, CFO Brian Worrell acquired 2,801 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the purchase, the chief financial officer now owns 2,801 shares in the company, valued at approximately $98,707.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Rice acquired 5,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average price of $35.37 per share, for a total transaction of $176,850.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $176,850. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 13,901 shares of company stock worth $476,796.

Several brokerages have recently weighed in on BHGE. Jefferies Group LLC restated a “hold” rating and issued a $40.00 target price on shares of Baker Hughes, a GE company Class A in a research note on Sunday, September 10th. Barclays PLC set a $43.00 target price on shares of Baker Hughes, a GE company Class A and gave the company an “overweight” rating in a research note on Friday, September 29th. Royal Bank Of Canada set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Saturday, October 7th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $38.00 target price (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co decreased their target price on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Baker Hughes, a GE company Class A has an average rating of “Hold” and an average target price of $40.74.

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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