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

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) declared a quarterly dividend on Wednesday, June 4th, Wall Street Journal reports. Investors of record on Wednesday, June 18th will be paid a dividend of 0.13 per share by the technology company on Thursday, July 17th. This represents a $0.52 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, June 18th.

Hewlett Packard Enterprise has increased its dividend payment by an average of 2.7% annually over the last three years and has increased its dividend every year for the last 2 years. Hewlett Packard Enterprise has a dividend payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hewlett Packard Enterprise to earn $2.02 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 25.7%.

Hewlett Packard Enterprise Stock Performance

HPE traded up $0.11 during trading on Thursday, hitting $17.95. The stock had a trading volume of 9,439,160 shares, compared to its average volume of 17,252,124. The firm has a market cap of $23.58 billion, a PE ratio of 9.45, a P/E/G ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $19.08.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hewlett Packard Enterprise stock. Geneos Wealth Management Inc. increased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 44.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,456 shares of the technology company's stock after buying an additional 1,377 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Hewlett Packard Enterprise were worth $69,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several recent analyst reports. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday. Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Bank of America decreased their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.33.

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.