MUFG Americas Holdings Corp acquired a new position in shares of Baker Hughes Incorporated (NYSE:BHGE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,550 shares of the company’s stock, valued at approximately $130,000.
A number of other hedge funds also recently added to or reduced their stakes in BHGE. Amica Retiree Medical Trust acquired a new position in Baker Hughes during the third quarter worth about $101,000. First Bank & Trust acquired a new position in Baker Hughes during the third quarter worth about $101,000. Trust Co. of Vermont acquired a new position in Baker Hughes during the third quarter worth about $105,000. Sun Life Financial INC acquired a new position in Baker Hughes during the third quarter worth about $115,000. Finally, Carroll Financial Associates Inc. acquired a new position in Baker Hughes during the third quarter worth about $136,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Matthias L. Heilmann bought 1,500 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the acquisition, the insider now owns 3,500 shares in the company, valued at $105,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is currently owned by insiders.
Baker Hughes Incorporated (NYSE BHGE) opened at $30.70 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. Baker Hughes Incorporated has a 52-week low of $29.62 and a 52-week high of $40.82.
Baker Hughes (NYSE:BHGE) last released its earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Baker Hughes had a negative net margin of 6.66% and a negative return on equity of 0.84%. The company had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. The business’s revenue for the quarter was up 77.7% compared to the same quarter last year. research analysts forecast that Baker Hughes Incorporated will post 0.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. This is an increase from Baker Hughes’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, November 3rd. Baker Hughes’s payout ratio is presently -111.34%.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/03/mufg-americas-holdings-corp-takes-position-in-baker-hughes-incorporated-bhge.html.
Want to see what other hedge funds are holding BHGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Incorporated (NYSE:BHGE).
What are top analysts saying about Baker Hughes Incorporated? - 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 Incorporated and related companies.