Economy

Aberdeen Asset Management PLC UK Increases Stake in Baker Hughes Incorporated (BHI)

More notable recent Baker Hughes A GE Co (NYSE:BHI) news were published by: 247Wallst.com which released: "Why Baker Hughes Now Looks So Attractive After Its GE Merger" on August 21, 2017, also Benzinga.com with their article: "Barclays Bullish On The "New" Baker Hughes, Initiates At Overweight" published on August 31, 2017, Fool.com published: "Why Baker Hughes, a GE Company, Dropped 5% in August" on September 11, 2017.

Baker Hughes, a GE Company is an oil and gas company. Baker Hughes, a GE company Class A has a 52 week low of $32.43 and a 52 week high of $68.59.

Integrated project management (IPM) has always been at the forefront of a GE/BHI thesis predicated on leveraging BHI's upstream knowhow with the turbomachinery/subsea strength of GE O&G and the digital/financing capabilities of GE corporate. In the case of the Twinza contract, the involvement of GE Capital (to underwrite a portion of the total project cost) is a GE first in the upstream O&G space; aside from SLB's Venture Fund, BHGE is the only diversified services provider with access to in-house capital specifically allocated for direct investment in hydrocarbon development. As such, there are now two OFS bellwethers at the forefront of this business model paradigm shift. The stock has "Hold" rating by Suntrust Robinson on Wednesday, January 18.

Wintergreen Advisers Llc, which manages about $2.18B and $268.51M US Long portfolio, upped its stake in Consolidated Tomoka Land Co (NYSEMKT:CTO) by 10,000 shares to 1.55M shares, valued at $82.97M in 2016Q4, according to the filing.

Baker Hughes, a GE company Class A (NASDAQ:BHGE)'s stock had its "outperform" rating reiterated by equities research analysts at Cowen and Company in a research note issued on Wednesday. The company was downgraded on Thursday, April 28 by iBERIA Capital Partners. As per Thursday, July 13, the company rating was initiated by HSBC.

Investors sentiment decreased to 0.78 in 2016 Q4. Analysts expect that Baker Hughes Incorporated will post $0.34 earnings per share for the current year. Fil Limited holds 3.75 million shares. Endurance Wealth Mgmt Inc, Rhode Island-based fund reported 62 shares. 93 funds opened positions while 194 raised stakes. 380.64 million shares or 2.91% more from 369.89 million shares in 2016Q3 were reported. Therefore 48% are positive. Northwestern Mutual Wealth Mgmt holds 0% or 807 shares. ValueAct Holdings L.P. now owns 38,886,200 shares of the oilfield services provider's stock valued at $1,754,934,000 after buying an additional 15,639,500 shares in the last quarter. Moreover, Natl Pension Ser has 0.17% invested in Baker Hughes A GE Co (NYSE:BHI) for 377,994 shares. Foyston Gordon Payne has 1.54% invested in Baker Hughes A GE Co (NYSE:BHI) for 99,794 shares. Cowen and Company reaffirmed a "buy" rating and set a $55.00 price objective on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 11th. Argus assumed coverage on Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. The firm has "Neutral" rating by Credit Suisse given on Wednesday, January 4. The firm's revenue was down 29.0% compared to the same quarter past year. The stock of Baker Hughes, a GE company Class A (NYSE:BHGE) has "Hold" rating given on Thursday, July 13 by BMO Capital Markets. The firm has "Hold" rating by Deutsche Bank given on Wednesday, September 6. The stock increased 0.58% or $0.06 on September 12, reaching $10.33. PennantPark Investment Corp. (PNNT) has risen 23.34% since September 12, 2016 and is uptrending. Ghp Invest Advsr invested in 4,112 shares or 0.05% of the stock. It has outperformed by 6.29% the S&P500. The rating was maintained by BMO Capital Markets on Thursday, August 3 with "Hold". 623.51 million shares or 1.02% less from 629.95 million shares in 2016Q3 were reported. Signia Capital Management Llc owns 373,301 shares or 4.17% of their United States portfolio.



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