NGAM Advisors L.P. Acquires 21,043 Shares of Baker Hughes A GE Co (NYSE:BHI)

NGAM Advisors L.P. raised its stake in Baker Hughes A GE Co (NYSE:BHI) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,036 shares of the oilfield services provider’s stock after buying an additional 21,043 shares during the period. NGAM Advisors L.P.’s holdings in Baker Hughes A GE were worth $6,979,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new stake in Baker Hughes A GE during the first quarter valued at approximately $104,000. Winslow Evans & Crocker Inc. raised its stake in Baker Hughes A GE by 7.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,880 shares of the oilfield services provider’s stock valued at $103,000 after buying an additional 138 shares in the last quarter. Partners Capital Investment Group Holdings LLC raised 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 in the last quarter. TrimTabs Asset Management LLC raised 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 in the last quarter. Finally, First Bank & Trust raised 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 in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Shares of Baker Hughes A GE Co (BHI) opened at 57.68 on Friday. Baker Hughes A GE Co has a one year low of $43.09 and a one year high of $68.59. The stock’s 50 day moving average price is $55.90 and its 200-day moving average price is $59.83.

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Several equities research analysts recently commented on the stock. Royal Bank Of Canada set a $72.00 price objective on shares of Baker Hughes A GE and gave the stock a “buy” rating in a research report on Saturday, July 1st. FBR & Co assumed coverage on shares of Baker Hughes A GE in a research report on Monday, July 17th. They issued a “mkt perform” rating and a $42.00 price objective on the stock. Zacks Investment Research lowered shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Finally, Guggenheim lowered shares of Baker Hughes A GE from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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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