Bank of New York Mellon Corp boosted its holdings in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,132,870 shares of the company’s stock after buying an additional 671,600 shares during the period. Bank of New York Mellon Corp’s holdings in Baker Hughes, a GE company Class A were worth $130,762,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. ValueAct Holdings L.P. acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $1,150,154,000. American Century Companies Inc. increased its position in Baker Hughes, a GE company Class A by 29.7% in the 4th quarter. American Century Companies Inc. now owns 7,762,412 shares of the company’s stock worth $245,603,000 after purchasing an additional 1,777,693 shares during the last quarter. TCW Group Inc. acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $139,949,000. Janus Henderson Group PLC acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $84,073,000. Finally, Dimensional Fund Advisors LP acquired a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth about $82,931,000. 92.75% of the stock is currently owned by institutional investors.
In related news, insider William D. Marsh sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.
Shares of Baker Hughes, a GE company Class A (BHGE) opened at $28.03 on Monday. Baker Hughes, a GE company Class A has a 52 week low of $25.53 and a 52 week high of $40.82. The firm has a market capitalization of $12,001.77, a P/E ratio of -27.21, a P/E/G ratio of 4.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08.
Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. The business’s revenue was down 2.7% on a year-over-year basis. equities analysts forecast that Baker Hughes, a GE company Class A will post 0.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.72 annualized dividend and a yield of 2.57%. Baker Hughes, a GE company Class A’s payout ratio is -209.71%.
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Baker Hughes, a GE company Class A Profile
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.
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