GE Oil and Gas and Baker Hughes Complete Merger; Reiterate Our $32 FVE and Wide Moat Rating for GE
GE’s Oil and Gas segment and Baker Hughes completed their merger on Monday, July 3. Shares of the new Baker Hughes, a GE Company, began trading on the New York Stock Exchange the morning of Wednesday, July 5, under the ticker symbol BHGE. We have not changed the assumptions that underpin our view of the value created by the deal, and thus, we reiterate our $32 per share fair value estimate for GE. With a majority stake of 62.5% of the new entity, GE will consolidate the new BHGE, and we intend t...General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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