Valeo Financial Advisors LLC lifted its holdings in shares of Baker Hughes A GE Co (NYSE:BHGE) by 2,857.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,140 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Baker Hughes A GE were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. NEXT Financial Group Inc raised its holdings in Baker Hughes A GE by 50.1% in the fourth quarter. NEXT Financial Group Inc now owns 1,367 shares of the company’s stock worth $35,000 after buying an additional 456 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of Baker Hughes A GE in the fourth quarter worth approximately $183,000. CENTRAL TRUST Co purchased a new stake in shares of Baker Hughes A GE during the fourth quarter valued at approximately $118,000. Wealthfront Advisers LLC purchased a new stake in shares of Baker Hughes A GE during the fourth quarter valued at approximately $266,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Baker Hughes A GE by 28.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 213,010 shares of the company’s stock valued at $5,459,000 after buying an additional 46,578 shares during the last quarter. Institutional investors own 48.39% of the company’s stock.
A number of equities analysts recently weighed in on BHGE shares. ValuEngine upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley lowered their price objective on Baker Hughes A GE from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Finally, Citigroup cut their target price on Baker Hughes A GE from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $31.50.
Shares of BHGE stock opened at $22.86 on Monday. The company has a 50 day moving average price of $24.30 and a 200-day moving average price of $23.43. Baker Hughes A GE Co has a 52 week low of $20.09 and a 52 week high of $31.26. The firm has a market capitalization of $23.73 billion, a PE ratio of 34.64, a P/E/G ratio of 2.86 and a beta of 0.95. 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.
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