Luminus Management LLC acquired a new stake in Baker Hughes, a GE company Class A (NYSE:BHGE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 180,000 shares of the company’s stock, valued at approximately $5,695,000.
A number of other large investors have also added to or reduced their stakes in BHGE. Amica Retiree Medical Trust acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $101,000. Delpha Capital Management LLC acquired a new stake in Baker Hughes, a GE company Class A in the fourth quarter valued at about $106,000. Westside Investment Management Inc. acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $108,000. Sun Life Financial INC acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $115,000. Finally, MUFG Americas Holdings Corp acquired a new stake in Baker Hughes, a GE company Class A in the third quarter valued at about $130,000. 92.30% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 25,190 shares in the company, valued at $881,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by company insiders.
Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $30.79 on Tuesday. Baker Hughes, a GE company Class A has a 1 year low of $25.53 and a 1 year high of $62.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08. The stock has a market capitalization of $12,778.88, a PE ratio of -29.89, a PEG ratio of 5.35 and a beta of 0.83.
Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. research analysts predict that Baker Hughes, a GE company Class A will post 0.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were given a dividend of $0.18 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.34%. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) 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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