Public Employees Retirement Association of Colorado Raises Stake in Baker Hughes A GE Co (BHGE)

Public Employees Retirement Association of Colorado raised its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 43.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,026 shares of the company’s stock after purchasing an additional 33,117 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Baker Hughes A GE were worth $3,050,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Baker Hughes A GE in the fourth quarter worth approximately $35,000. Bremer Trust National Association purchased a new position in shares of Baker Hughes A GE in the fourth quarter worth approximately $36,000. JOYN Advisors Inc. increased its position in shares of 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 acquiring an additional 1,409 shares in the last quarter. Advisory Services Network LLC grew its position in Baker Hughes A GE by 130.1% during the fourth quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock valued at $45,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in Baker Hughes A GE by 91.6% during the first quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock valued at $47,000 after purchasing an additional 825 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Shares of BHGE stock traded down $0.47 during mid-day trading on Wednesday, reaching $21.70. The company’s stock had a trading volume of 3,718,683 shares, compared to its average volume of 4,582,375. Baker Hughes A GE Co has a 1-year low of $20.09 and a 1-year high of $36.42. The stock has a market cap of $23.03 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 0.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 1.65.

Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the prior year, the company posted $0.09 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that Baker Hughes A GE Co will post 0.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Monday, May 20th. Baker Hughes A GE’s payout ratio is 109.09%.

A number of brokerages recently commented on BHGE. Wells Fargo & Co lowered their price objective on shares of Baker Hughes A GE from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada lowered their price objective on shares of Baker Hughes A GE to $33.00 and set an “average” rating on the stock in a research report on Wednesday, May 1st. ValuEngine downgraded shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Zacks Investment Research raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Goldman Sachs Group assumed coverage on shares of Baker Hughes A GE in a research report on Sunday, March 10th. They issued a “conviction-buy” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $35.56.

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Baker Hughes A GE Company 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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