Hewlett Packard Enterprise Co (NYSE:HPE) declared a quarterly dividend on Thursday, September 20th, RTT News reports. Shareholders of record on Wednesday, December 12th will be paid a dividend of 0.1125 per share by the technology company on Wednesday, January 2nd. This represents a $0.45 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, December 11th.
Hewlett Packard Enterprise has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hewlett Packard Enterprise to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 26.3%.
Shares of HPE opened at $15.05 on Thursday. Hewlett Packard Enterprise has a one year low of $13.99 and a one year high of $19.48. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.86 and a beta of 1.58. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42.
In related news, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now directly owns 87,828 shares in the company, valued at $1,493,076. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $16.57, for a total transaction of $7,939,382.94. Following the sale, the chief financial officer now owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 664,319 shares of company stock valued at $10,978,971. 1.18% of the stock is currently owned by corporate insiders.
Several research analysts have commented on HPE shares. UBS Group started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They issued a “hold” rating and a $17.00 target price for the company. Deutsche Bank raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Raymond James decreased their price target on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Oppenheimer set a $18.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.43.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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