MHI Funds LLC Invests $175,000 in Baker Hughes, a GE company Class A (BHGE)

MHI Funds LLC purchased a new position in Baker Hughes, a GE company Class A (NYSE:BHGE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,540 shares of the company’s stock, valued at approximately $175,000.

Other large investors have also recently modified their holdings of the company. ValueAct Holdings L.P. acquired a new position in Baker Hughes, a GE company Class A during the third quarter worth $1,150,154,000. American Century Companies Inc. acquired a new position in Baker Hughes, a GE company Class A during the third quarter worth $219,160,000. TCW Group Inc. acquired a new position in Baker Hughes, a GE company Class A during the third quarter worth $139,949,000. Bank of New York Mellon Corp acquired a new position in Baker Hughes, a GE company Class A during the third quarter worth $126,754,000. Finally, Janus Henderson Group PLC acquired a new position in Baker Hughes, a GE company Class A during the third quarter worth $84,073,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes, a GE company Class A (BHGE) opened at $35.82 on Wednesday. Baker Hughes, a GE company Class A has a 12 month low of $29.62 and a 12 month high of $63.95. The company has a market capitalization of $15,221.66, a price-to-earnings ratio of -18.46, a PEG ratio of 2.13 and a beta of 0.76. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.08.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, February 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 2nd. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is presently -111.34%.

A number of equities analysts have weighed in on the company. Susquehanna Bancshares reissued a “neutral” rating and set a $38.00 price objective (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Zacks Investment Research lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Royal Bank of Canada set a $44.00 price objective on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Saturday, October 7th. Barclays set a $43.00 price objective on Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a research note on Friday, September 29th. Finally, Cowen set a $50.00 price target on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and an average target price of $40.58.

In other news, insider Matthias L. Heilmann acquired 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 acquisition, the insider now owns 3,500 shares of the company’s stock, valued at $105,140. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the insider now owns 25,190 shares in the company, valued at approximately $881,650. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

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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.

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

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