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

Hewlett Packard Enterprise (NYSE:HPE) declared a quarterly dividend on Thursday, December 5th,RTT News reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.13 per share by the technology company on Thursday, January 16th. This represents a $0.52 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, December 20th.

Hewlett Packard Enterprise has increased its dividend payment by an average of 0.7% per year over the last three years. Hewlett Packard Enterprise has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hewlett Packard Enterprise to earn $2.06 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 25.2%.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.57 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a 50 day moving average price of $21.11 and a 200-day moving average price of $20.10. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The stock has a market capitalization of $28.01 billion, a PE ratio of 11.35, a PEG ratio of 2.64 and a beta of 1.21.

Analysts Set New Price Targets

HPE has been the subject of a number of analyst reports. StockNews.com upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Monday, December 9th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.79.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 717,601 shares of company stock worth $15,140,976. 0.40% of the stock is owned by corporate 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.