Poplar Forest Capital LLC decreased its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,801,810 shares of the company’s stock after selling 57,864 shares during the period. Baker Hughes A GE makes up about 3.2% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 16th largest position. Poplar Forest Capital LLC owned 0.17% of Baker Hughes A GE worth $44,379,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Centaurus Financial Inc. bought a new position in shares of Baker Hughes A GE in the first quarter worth about $33,000. Bremer Bank National Association bought a new position in shares of Baker Hughes A GE in the first quarter worth about $38,000. Perkins Coie Trust Co grew its holdings in shares of Baker Hughes A GE by 38.3% in the second quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock worth $40,000 after purchasing an additional 453 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of 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 purchasing an additional 825 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Baker Hughes A GE in the first quarter worth about $47,000. Institutional investors and hedge funds own 96.03% of the company’s stock.
A number of research firms have recently commented on BHGE. Royal Bank of Canada cut their price target on shares of Baker Hughes A GE to $33.00 and set an “average” rating on the stock in a report on Wednesday, May 1st. Wells Fargo & Co cut their price target on shares of Baker Hughes A GE from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group set a $32.00 price target on shares of Baker Hughes A GE and gave the stock a “buy” rating in a report on Thursday, June 6th. TheStreet upgraded shares of Baker Hughes A GE from a “d+” rating to a “c-” rating in a report on Thursday, June 20th. Finally, Credit Suisse Group upped their price target on shares of Baker Hughes A GE from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.44.
NYSE:BHGE traded up $0.35 during mid-day trading on Friday, reaching $21.06. The company’s stock had a trading volume of 5,972,900 shares, compared to its average volume of 4,602,294. Baker Hughes A GE Co has a 1 year low of $20.09 and a 1 year high of $34.49. The stock has a fifty day moving average of $24.17 and a 200-day moving average of $24.79. The firm has a market capitalization of $21.50 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 2.64 and a beta of 0.91. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.18.
Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.81 billion. Baker Hughes A GE had a net margin of 0.71% and a return on equity of 1.07%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, analysts expect that Baker Hughes A GE Co will post 0.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, August 12th. Baker Hughes A GE’s payout ratio is 109.09%.
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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