Alpha Windward LLC decreased its stake in Baker Hughes A GE Co (NYSE:BHI) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,103 shares of the oilfield services provider’s stock after selling 95 shares during the period. Baker Hughes A GE accounts for approximately 0.4% of Alpha Windward LLC’s portfolio, making the stock its 22nd largest position. Alpha Windward LLC’s holdings in Baker Hughes A GE were worth $660,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Dodge & Cox bought a new stake in shares of Baker Hughes A GE during the fourth quarter valued at $1,667,596,000. Aberdeen Asset Management PLC UK boosted its stake in Baker Hughes A GE by 47.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 339,380 shares of the oilfield services provider’s stock worth $20,302,000 after buying an additional 109,523 shares during the period. Envestnet Asset Management Inc. boosted its stake in Baker Hughes A GE by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 24,661 shares of the oilfield services provider’s stock worth $1,477,000 after buying an additional 1,278 shares during the period. ValueAct Holdings L.P. boosted its stake in Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock worth $1,878,816,000 after buying an additional 4,000,000 shares during the period. Finally, Pitcairn Co. boosted its stake in Baker Hughes A GE by 4.4% in the first quarter. Pitcairn Co. now owns 3,910 shares of the oilfield services provider’s stock worth $234,000 after buying an additional 165 shares during the period. 91.32% of the stock is currently owned by institutional investors.
Shares of Baker Hughes A GE Co (BHI) traded up 5.82% during mid-day trading on Tuesday, reaching $57.68. The company had a trading volume of 4,124,512 shares. Baker Hughes A GE Co has a one year low of $43.09 and a one year high of $68.59. The firm has a 50 day moving average of $55.90 and a 200-day moving average of $59.83.
Baker Hughes A GE (NYSE:BHI) last announced its quarterly earnings data on Tuesday, April 25th. The oilfield services provider reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.17. Baker Hughes A GE had a negative return on equity of 4.12% and a negative net margin of 5.75%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business earned ($1.58) earnings per share. The business’s revenue was down 15.3% on a year-over-year basis. On average, equities analysts forecast that Baker Hughes A GE Co will post $0.01 EPS for the current year.
Several analysts recently weighed in on the stock. HSBC Holdings plc reiterated a “hold” rating and issued a $58.00 target price (down previously from $60.00) on shares of Baker Hughes A GE in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $72.00 price objective on shares of Baker Hughes A GE in a research report on Friday, May 26th. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Tudor Pickering cut shares of Baker Hughes A GE from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Evercore ISI set a $72.00 target price on shares of Baker Hughes A GE and gave the company an “outperform” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.77.
Baker Hughes A GE Company Profile
Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.
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