Creative Planning Buys New Stake in Baker Hughes A GE Co (NYSE:BHGE)

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Creative Planning bought a new stake in Baker Hughes A GE Co (NYSE:BHGE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,188 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in Baker Hughes A GE by 1,178.7% during the 1st quarter. First Trust Advisors LP now owns 127,745 shares of the company’s stock worth $3,541,000 after buying an additional 117,755 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Baker Hughes A GE by 34.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 342,771 shares of the company’s stock valued at $9,502,000 after purchasing an additional 87,664 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Baker Hughes A GE by 18.8% in the 2nd quarter. BlackRock Inc. now owns 45,244,203 shares of the company’s stock valued at $1,114,366,000 after purchasing an additional 7,154,384 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Baker Hughes A GE by 10.7% in the 3rd quarter. Pacer Advisors Inc. now owns 53,403 shares of the company’s stock valued at $1,239,000 after purchasing an additional 5,179 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in shares of Baker Hughes A GE by 31.8% in the 3rd quarter. DNB Asset Management AS now owns 76,912 shares of the company’s stock valued at $1,784,000 after purchasing an additional 18,561 shares during the last quarter. 48.39% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Citigroup reduced their target price on Baker Hughes A GE from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $31.44.

Shares of BHGE stock opened at $22.08 on Friday. The stock has a market capitalization of $22.92 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. Baker Hughes A GE Co has a 52-week low of $20.09 and a 52-week high of $31.26. The stock’s 50-day moving average price is $23.64 and its 200 day moving average price is $23.16. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.18.

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.

Read More: What is a back-end load?

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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