Nuveen Asset Management LLC Invests $200,000 in Baker Hughes A GE Co (BHGE) Stock

Nuveen Asset Management LLC acquired a new position in shares of Baker Hughes A GE Co (NYSE:BHGE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,306 shares of the company’s stock, valued at approximately $200,000.

Several other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Baker Hughes A GE during the fourth quarter valued at $35,000. Bremer Trust National Association acquired a new position in Baker Hughes A GE during the fourth quarter valued at $36,000. JOYN Advisors Inc. lifted its position in Baker Hughes A GE by 271.0% during the fourth quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock valued at $41,000 after purchasing an additional 1,409 shares during the period. First Hawaiian Bank lifted its position in Baker Hughes A GE by 76.0% during the fourth quarter. First Hawaiian Bank now owns 2,295 shares of the company’s stock valued at $49,000 after purchasing an additional 991 shares during the period. Finally, CKW Financial Group lifted its position in Baker Hughes A GE by 25.0% during the fourth quarter. CKW Financial Group now owns 2,500 shares of the company’s stock valued at $54,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

BHGE has been the subject of a number of recent analyst reports. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Morgan Stanley cut shares of Baker Hughes A GE from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 5th. Zacks Investment Research cut shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Societe Generale started coverage on shares of Baker Hughes A GE in a research note on Wednesday, February 27th. They set a “buy” rating and a $36.00 target price for the company. Finally, Goldman Sachs Group started coverage on shares of Baker Hughes A GE in a research note on Sunday, March 10th. They set a “conviction-buy” rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.20.

In related news, insider William D. Marsh sold 1,242 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $23.31, for a total transaction of $28,951.02. Following the transaction, the insider now directly owns 35,257 shares in the company, valued at $821,840.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

BHGE traded down $0.36 on Wednesday, reaching $25.61. 3,634,036 shares of the company’s stock were exchanged, compared to its average volume of 4,560,399. The firm has a market capitalization of $27.78 billion, a PE ratio of 38.80, a PEG ratio of 0.49 and a beta of 0.88. Baker Hughes A GE Co has a twelve month low of $20.09 and a twelve month high of $37.76. The company has a current ratio of 1.66, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18.

Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.04 billion. Baker Hughes A GE had a return on equity of 0.76% and a net margin of 0.85%. During the same quarter in the previous year, the firm posted $0.15 earnings per share. As a group, analysts predict that Baker Hughes A GE Co will post 1.02 earnings per share for the current fiscal year.

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About Baker Hughes A GE

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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