Baker Hughes A GE Co (NYSE:BHGE) CEO Lorenzo Simonelli purchased 15,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $20.61 per share, for a total transaction of $309,150.00. Following the completion of the purchase, the chief executive officer now owns 113,368 shares of the company’s stock, valued at approximately $2,336,514.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE BHGE traded up $0.20 on Friday, reaching $20.91. The company had a trading volume of 108,233 shares, compared to its average volume of 4,939,834. The stock has a market capitalization of $24.46 billion, a P/E ratio of 31.47, a P/E/G ratio of 3.00 and a beta of 0.91. The company’s fifty day moving average is $24.24 and its 200 day moving average is $24.81. Baker Hughes A GE Co has a 52-week low of $20.09 and a 52-week high of $34.49. 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 analysts’ consensus estimates 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 return on equity of 1.07% and a net margin of 0.71%. Baker Hughes A GE’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. On average, research analysts expect that Baker Hughes A GE Co will post 0.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Tuesday, August 13th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Monday, August 12th. Baker Hughes A GE’s payout ratio is currently 109.09%.
Several brokerages have issued reports on BHGE. Credit Suisse Group boosted their price target on Baker Hughes A GE from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Jefferies Financial Group set a $32.00 target price on Baker Hughes A GE and gave the stock a “buy” rating in a research report on Thursday, June 6th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Baker Hughes A GE in a research report on Thursday, June 20th. TheStreet raised Baker Hughes A GE from a “d+” rating to a “c-” rating in a research report on Thursday, June 20th. Finally, Royal Bank of Canada lowered their target price on Baker Hughes A GE to $33.00 and set an “average” rating on the stock in a research report 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 issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.44.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHGE. Commonwealth Bank of Australia grew its stake in shares of Baker Hughes A GE by 63.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,241 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares during the period. Centaurus Financial Inc. bought a new position in shares of Baker Hughes A GE during the 1st quarter worth $33,000. Bremer Bank National Association bought a new position in shares of Baker Hughes A GE during the 1st quarter worth $38,000. Perkins Coie Trust Co grew 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 worth $40,000 after acquiring an additional 453 shares during the period. Finally, Lindbrook Capital LLC grew 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 worth $47,000 after acquiring an additional 825 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.
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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