John G. Rice Buys 5,000 Shares of Baker Hughes, a GE company Class A (BHGE) Stock

Baker Hughes, a GE company Class A (NASDAQ:BHGE) Director John G. Rice purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were acquired at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $176,850. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at 35.23 on Friday. The company’s market capitalization is $15.08 billion. Baker Hughes, a GE company Class A has a 12-month low of $33.44 and a 12-month high of $40.82. The firm’s 50-day moving average price is $44.52 and its 200-day moving average price is $55.57.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.27. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that Baker Hughes, a GE company Class A will post $0.51 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Wednesday, August 9th.

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A hedge fund recently bought a new stake in Baker Hughes, a GE company Class A stock. New Mexico Educational Retirement Board bought a new stake in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,592 shares of the company’s stock, valued at approximately $1,461,000.

BHGE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Monday, July 10th. Cowen and Company reissued a “buy” rating and set a $55.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They set a “buy” rating and a $48.00 price target on the stock. BMO Capital Markets reissued a “hold” rating and set a $43.00 price target (down from $65.00) on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. Finally, FBR & Co initiated coverage on Baker Hughes, a GE company Class A in a report on Monday, July 17th. They set a “market perform” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.71.