Wellington Management Group LLP Has $14.76 Million Position in Baker Hughes (NASDAQ:BKR)

Wellington Management Group LLP grew its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 408,310 shares of the company's stock after buying an additional 16,025 shares during the period. Wellington Management Group LLP's holdings in Baker Hughes were worth $14,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BKR. Wahed Invest LLC boosted its stake in Baker Hughes by 7.1% in the third quarter. Wahed Invest LLC now owns 24,236 shares of the company's stock valued at $876,000 after acquiring an additional 1,598 shares during the period. Stevens Capital Management LP bought a new position in Baker Hughes in the 3rd quarter worth about $480,000. Stifel Financial Corp raised its holdings in shares of Baker Hughes by 9.9% during the third quarter. Stifel Financial Corp now owns 1,382,912 shares of the company's stock valued at $49,993,000 after buying an additional 124,153 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Baker Hughes during the third quarter worth approximately $322,000. Finally, Quantinno Capital Management LP boosted its position in shares of Baker Hughes by 17.0% during the third quarter. Quantinno Capital Management LP now owns 150,568 shares of the company's stock worth $5,443,000 after buying an additional 21,890 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Baker Hughes from $43.00 to $49.00 and gave the stock an "outperform" rating in a research report on Thursday. Barclays upped their target price on Baker Hughes from $41.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. UBS Group decreased their price target on Baker Hughes from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, September 18th. Atb Cap Markets downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their target price on Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $45.12.

Baker Hughes Stock Down 0.4 %

Baker Hughes stock traded down $0.18 during mid-day trading on Friday, hitting $42.15. 4,937,608 shares of the company's stock were exchanged, compared to its average volume of 7,135,821. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $45.17. The stock has a 50 day moving average of $40.55 and a two-hundred day moving average of $36.70. The stock has a market cap of $41.71 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.72 and a beta of 1.40. 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 (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, November 4th. Baker Hughes's dividend payout ratio (DPR) is currently 37.67%.

Baker Hughes Company 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.