Steward Partners Investment Advisory LLC Makes New Investment in Baker Hughes A GE Co (NYSE:BHGE)

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Steward Partners Investment Advisory LLC acquired a new position in shares of Baker Hughes A GE Co (NYSE:BHGE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,540 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. acquired a new stake in shares of Baker Hughes A GE during the first quarter worth approximately $33,000. Bremer Bank National Association acquired a new stake in shares of Baker Hughes A GE during the first quarter worth approximately $38,000. Perkins Coie Trust Co increased its holdings in shares of Baker Hughes A GE by 38.3% during the second quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock worth $40,000 after buying an additional 453 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Baker Hughes A GE by 91.6% during the first quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 825 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Baker Hughes A GE during the first quarter worth approximately $47,000. 96.03% of the stock is owned by institutional investors.

BHGE opened at $23.57 on Wednesday. The stock’s fifty day simple moving average is $24.38. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.18. Baker Hughes A GE Co has a 52 week low of $20.09 and a 52 week high of $34.52. The firm has a market cap of $24.31 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 3.02 and a beta of 0.91.

Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Wednesday, July 31st. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Baker Hughes A GE had a net margin of 0.71% and a return on equity of 1.07%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts forecast that Baker Hughes A GE Co will post 0.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, August 12th. Baker Hughes A GE’s dividend payout ratio is presently 109.09%.

BHGE has been the subject of a number of research reports. Credit Suisse Group raised their price target on shares of Baker Hughes A GE from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. AltaCorp Capital reissued an “outperform” rating on shares of Baker Hughes A GE in a report on Thursday, June 20th. Wells Fargo & Co lowered their price target on shares of Baker Hughes A GE from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Royal Bank of Canada lowered their price target on shares of Baker Hughes A GE to $33.00 and set an “average” rating for the company in a report on Wednesday, May 1st. Finally, TheStreet raised shares of Baker Hughes A GE from a “d+” rating to a “c-” rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $35.44.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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