Chartwell Investment Partners LLC Has $10.84 Million Holdings in Baker Hughes (NASDAQ:BKR)

Chartwell Investment Partners LLC grew its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 27.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 299,804 shares of the company's stock after acquiring an additional 63,840 shares during the period. Chartwell Investment Partners LLC's holdings in Baker Hughes were worth $10,838,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Baker Hughes in the 3rd quarter valued at approximately $30,000. Crossmark Global Holdings Inc. increased its stake in Baker Hughes by 2.5% in the third quarter. Crossmark Global Holdings Inc. now owns 44,795 shares of the company's stock valued at $1,620,000 after acquiring an additional 1,104 shares during the last quarter. Atria Investments Inc grew its stake in shares of Baker Hughes by 11.3% during the third quarter. Atria Investments Inc now owns 14,822 shares of the company's stock worth $536,000 after buying an additional 1,505 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Baker Hughes by 3.1% in the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company's stock worth $333,000 after acquiring an additional 273 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Baker Hughes by 6.5% in the 3rd quarter. Assetmark Inc. now owns 20,163 shares of the company's stock worth $729,000 after buying an additional 1,230 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Baker Hughes from $41.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Baker Hughes from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, July 29th. Susquehanna increased their target price on Baker Hughes from $46.00 to $48.00 and gave the company a "positive" rating in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 target price on shares of Baker Hughes in a research note on Thursday, October 24th. Finally, Piper Sandler cut their price target on Baker Hughes from $45.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.12.

Baker Hughes Stock Up 2.7 %

Baker Hughes stock traded up $1.18 during trading on Monday, hitting $44.19. 2,486,523 shares of the company were exchanged, compared to its average volume of 7,241,058. The company has a market capitalization of $43.73 billion, a P/E ratio of 19.29, a PEG ratio of 0.72 and a beta of 1.38. The business's 50 day moving average is $36.57 and its 200 day moving average is $34.86. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $44.26.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Analysts predict that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, November 4th. Baker Hughes's dividend payout ratio (DPR) is 37.67%.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.