State of Alaska Department of Revenue increased its stake in Baker Hughes A GE Co (NYSE:BHI) by 27.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,354 shares of the oilfield services provider’s stock after buying an additional 1,800 shares during the period. State of Alaska Department of Revenue’s holdings in Baker Hughes A GE were worth $455,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of BHI. Winch Advisory Services LLC bought a new stake in Baker Hughes A GE during the first quarter valued at $104,000. Partners Capital Investment Group Holdings LLC increased its stake in Baker Hughes A GE by 0.3% in the first quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock valued at $116,000 after buying an additional 5 shares during the last quarter. First Manhattan Co. increased its stake in Baker Hughes A GE by 19.3% in the first quarter. First Manhattan Co. now owns 2,470 shares of the oilfield services provider’s stock valued at $124,000 after buying an additional 400 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in Baker Hughes A GE by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 2,121 shares of the oilfield services provider’s stock valued at $127,000 after buying an additional 1,000 shares during the last quarter. Finally, First Bank & Trust increased its stake in Baker Hughes A GE by 11.8% in the first quarter. First Bank & Trust now owns 2,239 shares of the oilfield services provider’s stock valued at $134,000 after buying an additional 236 shares during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.
Baker Hughes A GE Co (NYSE:BHI) traded up 5.82% during trading on Friday, reaching $57.68. The company had a trading volume of 4,124,512 shares. Baker Hughes A GE Co has a 52-week low of $43.09 and a 52-week high of $68.59. The company has a 50 day moving average price of $55.90 and a 200 day moving average price of $59.83.
BHI has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Baker Hughes A GE in a report on Thursday, April 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $72.00 price target on shares of Baker Hughes A GE in a report on Friday, May 26th. Barclays PLC reissued a “buy” rating on shares of Baker Hughes A GE in a report on Thursday, June 22nd. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC set a $67.00 price target on shares of Baker Hughes A GE and gave the company a “hold” rating in a report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.33.
About Baker Hughes A GE
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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