Bourgeon Capital Management LLC Trims Stake in Baker Hughes A GE Co (NYSE:BHGE)

Bourgeon Capital Management LLC lowered its position in Baker Hughes A GE Co (NYSE:BHGE) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,690 shares of the company’s stock after selling 810 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Baker Hughes A GE were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in BHGE. Meeder Asset Management Inc. acquired a new position in Baker Hughes A GE in the fourth quarter worth approximately $35,000. Bremer Trust National Association acquired a new position in Baker Hughes A GE in the fourth quarter worth approximately $36,000. JOYN Advisors Inc. grew its position in Baker Hughes A GE by 271.0% in the fourth quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock worth $41,000 after buying an additional 1,409 shares during the last quarter. Advisory Services Network LLC grew its position in Baker Hughes A GE by 130.1% in the fourth quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock worth $45,000 after buying an additional 1,189 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in Baker Hughes A GE by 91.6% in the first quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 825 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Shares of NYSE:BHGE traded down $0.25 during trading on Wednesday, reaching $23.36. 5,351,200 shares of the company traded hands, compared to its average volume of 4,560,320. The firm has a market capitalization of $24.15 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 0.78 and a beta of 0.80. Baker Hughes A GE Co has a 1-year low of $20.09 and a 1-year high of $36.53. The company has a quick ratio of 1.11, a current ratio of 1.65 and a debt-to-equity ratio of 0.18.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes A GE had a net margin of 0.68% and a return on equity of 0.88%. The business had revenue of $5.62 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter in the previous year, the business earned $0.09 EPS. Baker Hughes A GE’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that Baker Hughes A GE Co will post 0.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, May 20th. Baker Hughes A GE’s payout ratio is presently 109.09%.

A number of research firms recently commented on BHGE. Cowen reaffirmed an “outperform” rating and issued a $32.00 price objective (down previously from $34.00) on shares of Baker Hughes A GE in a research note on Monday, February 4th. Goldman Sachs Group began coverage on shares of Baker Hughes A GE in a research note on Sunday, March 10th. They issued a “conviction-buy” rating and a $36.00 price objective for the company. Societe Generale began coverage on shares of Baker Hughes A GE in a research note on Wednesday, February 27th. They issued a “buy” rating and a $36.00 price objective for the company. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $23.57 price objective (down previously from $28.00) on shares of Baker Hughes A GE in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Baker Hughes A GE has a consensus rating of “Buy” and a consensus target price of $35.56.

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Baker Hughes A GE Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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