Providence Capital Advisors LLC Grows Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Providence Capital Advisors LLC increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 15.4%, holding 352,900 shares worth approximately $5.45 million after acquiring an additional 47,000 shares in the first quarter.
• Hewlett Packard Enterprise reported earnings of $0.38 EPS for the latest quarter, exceeding the consensus estimate of $0.33, with total revenue of $7.63 billion, a 5.9% increase from the previous year.
• The company declared a quarterly dividend of $0.13, yielding 2.4%, with a payout ratio of 52.53%, reflecting confidence in its financial stability.

Providence Capital Advisors LLC boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 15.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 352,900 shares of the technology company's stock after purchasing an additional 47,000 shares during the quarter. Providence Capital Advisors LLC's holdings in Hewlett Packard Enterprise were worth $5,445,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Forum Financial Management LP grew its stake in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after acquiring an additional 515 shares during the last quarter. Colonial Trust Co SC increased its holdings in Hewlett Packard Enterprise by 16.4% in the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock worth $94,000 after buying an additional 622 shares during the period. Lido Advisors LLC increased its holdings in Hewlett Packard Enterprise by 1.0% in the 4th quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock worth $1,526,000 after buying an additional 691 shares during the period. Farther Finance Advisors LLC increased its holdings in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after buying an additional 699 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock worth $1,089,000 after buying an additional 700 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPE. KeyCorp began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Morgan Stanley increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Evercore ISI increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $22.87.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.3150 during mid-day trading on Wednesday, hitting $21.0250. The company had a trading volume of 5,774,191 shares, compared to its average volume of 18,673,686. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The company's fifty day moving average is $20.08 and its 200-day moving average is $18.26. The company has a market capitalization of $27.59 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 3.12 and a beta of 1.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the company earned $0.42 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. Equities research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is owned by company 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.