Baker Hughes A GE Co (NYSE:BHGE) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in Baker Hughes A GE Co (NYSE:BHGE) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,300,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.13% of Baker Hughes A GE worth $32,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Centaurus Financial Inc. acquired a new position in shares of Baker Hughes A GE during the 1st quarter valued at about $33,000. Bremer Bank National Association acquired a new position in shares of Baker Hughes A GE during the 1st quarter valued at about $38,000. Perkins Coie Trust Co increased its stake in shares of Baker Hughes A GE by 38.3% during the 2nd quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock valued at $40,000 after acquiring an additional 453 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Baker Hughes A GE by 130.1% during the 4th quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock valued at $45,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Baker Hughes A GE by 91.6% during the 1st quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock valued at $47,000 after acquiring an additional 825 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on BHGE. Zacks Investment Research downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of STEP Energy Services in a research note on Thursday, June 20th. Jefferies Financial Group set a $32.00 price objective on shares of Baker Hughes A GE and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Co dropped their price objective on shares of WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada upped their price objective on shares of Shopify from C$230.00 to C$265.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.16.

Shares of NYSE:BHGE traded up $0.46 during trading on Tuesday, reaching $24.55. 344,834 shares of the stock were exchanged, compared to its average volume of 4,072,939. 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 Co has a 12-month low of $20.09 and a 12-month high of $35.55. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92. The company has a 50-day moving average price of $24.21.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes A GE had a return on equity of 0.88% and a net margin of 0.68%. The business had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that Baker Hughes A GE Co will post 0.98 earnings per share for the current fiscal year.

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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