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

Hewlett Packard Enterprise (NYSE:HPE) declared a quarterly dividend on Tuesday, June 4th, RTT News reports. Shareholders of record on Wednesday, June 19th will be paid a dividend of 0.13 per share by the technology company on Thursday, July 18th. This represents a $0.52 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, June 18th.

Hewlett Packard Enterprise has increased its dividend by an average of 0.7% per year over the last three years. Hewlett Packard Enterprise has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hewlett Packard Enterprise to earn $1.73 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 30.1%.

Hewlett Packard Enterprise Trading Down 0.7 %

HPE stock opened at $21.60 on Monday. The company has a market capitalization of $28.07 billion, a PE ratio of 15.77, a P/E/G ratio of 3.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $21.90. The firm’s 50-day moving average is $17.98 and its 200 day moving average is $16.99.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Analysts Set New Price Targets

HPE has been the subject of several research reports. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Bank of America lifted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Barclays upped their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Susquehanna raised their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Finally, Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.69.

Insiders Place Their Bets

In other news, EVP Neil B. Macdonald sold 36,671 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the sale, the executive vice president now owns 111,054 shares in the company, valued at $2,277,717.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Kirt P. Karros sold 30,686 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total value of $628,756.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil B. Macdonald sold 36,671 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total transaction of $752,122.21. Following the transaction, the executive vice president now owns 111,054 shares in the company, valued at $2,277,717.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,680 shares of company stock valued at $2,667,136. 0.40% of the stock is owned by insiders.

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.