American National Bank Acquires Shares of 12,457 Baker Hughes, a GE company Class A (BHGE)

American National Bank acquired a new stake in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,457 shares of the company’s stock, valued at approximately $395,000.

Several other institutional investors also recently added to or reduced their stakes in BHGE. ValueAct Holdings L.P. purchased a new stake in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $1,150,154,000. American Century Companies Inc. acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth $219,160,000. TCW Group Inc. acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth $139,949,000. Bank of New York Mellon Corp acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth $126,754,000. Finally, Janus Henderson Group PLC acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth $84,073,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.

In related news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the insider now directly owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthias L. Heilmann purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $105,140. The disclosure for this purchase can be found here. 0.66% of the stock is currently owned by insiders.

A number of brokerages recently weighed in on BHGE. Zacks Investment Research lowered shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Group set a $35.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $35.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Thursday, December 21st. B. Riley restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Friday, November 3rd. Finally, Barclays set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.32.

Shares of Baker Hughes, a GE company Class A (NYSE BHGE) traded up $0.44 during midday trading on Thursday, hitting $35.47. 3,496,100 shares of the stock were exchanged, compared to its average volume of 4,343,571. The firm has a market capitalization of $15,190.00 and a PE ratio of -5.42. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $63.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings data 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, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. The company’s quarterly revenue was up 77.7% compared to the same quarter last year. research analysts forecast that Baker Hughes, a GE company Class A will post 0.45 EPS for the current year.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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, a GE company Class A (NYSE:BHGE).

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

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