Hewlett Packard Enterprise Announces Quarterly Dividend of $0.13 (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE) declared a quarterly dividend on Wednesday, September 4th, RTT News reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.13 per share by the technology company on Friday, October 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, September 19th.

Hewlett Packard Enterprise has increased its dividend payment by an average of 0.7% annually over the last three years. Hewlett Packard Enterprise has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hewlett Packard Enterprise to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 29.9%.

Hewlett Packard Enterprise Stock Down 6.0 %

HPE stock opened at $17.64 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.93 billion, a PE ratio of 12.88, a PEG ratio of 2.80 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a fifty day simple moving average of $19.45 and a 200 day simple moving average of $18.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on HPE. Sanford C. Bernstein increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.09.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,141 shares of company stock worth $1,874,608. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.