Nippon Life Global Investors Americas Inc. increased its stake in Baker Hughes, a GE company Class A (NYSE:BHGE) by 260.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,470 shares of the company’s stock after acquiring an additional 37,910 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Baker Hughes, a GE company Class A were worth $1,660,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. ValueAct Holdings L.P. purchased a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $1,150,154,000. BlackRock Inc. boosted its holdings in Baker Hughes, a GE company Class A by 5.5% in the 4th quarter. BlackRock Inc. now owns 30,916,382 shares of the company’s stock valued at $978,192,000 after purchasing an additional 1,618,832 shares in the last quarter. American Century Companies Inc. boosted its holdings in Baker Hughes, a GE company Class A by 29.7% in the 4th quarter. American Century Companies Inc. now owns 7,762,412 shares of the company’s stock valued at $245,603,000 after purchasing an additional 1,777,693 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Baker Hughes, a GE company Class A by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 4,512,342 shares of the company’s stock valued at $142,472,000 after purchasing an additional 124,117 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Baker Hughes, a GE company Class A by 19.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,132,870 shares of the company’s stock valued at $130,762,000 after purchasing an additional 671,600 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.
In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now directly owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.
Shares of Baker Hughes, a GE company Class A (BHGE) traded up $0.25 during trading hours on Wednesday, reaching $30.60. 4,037,699 shares of the company were exchanged, compared to its average volume of 5,643,746. The company has a market capitalization of $12,830.00 and a PE ratio of -180.00. Baker Hughes, a GE company Class A has a 1 year low of $25.53 and a 1 year high of $62.20. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.
Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The business had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. research analysts predict that Baker Hughes, a GE company Class A will post 0.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, February 5th were given a $0.18 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.72 annualized dividend and a yield of 2.35%. Baker Hughes, a GE company Class A’s dividend payout ratio is -1,270.59%.
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About Baker Hughes, a GE company Class A
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.
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