Hewlett Packard Enterprise Co (NYSE:HPE) announced a quarterly dividend on Thursday, September 20th, RTT News reports. Investors 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 yield of 2.99%. The ex-dividend date of this dividend is Tuesday, December 11th.
Hewlett Packard Enterprise has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 NYSE:HPE opened at $15.05 on Thursday. The stock has a market capitalization of $22.15 billion, a P/E ratio of 9.65, a PEG ratio of 0.86 and a beta of 1.58. Hewlett Packard Enterprise has a fifty-two week low of $13.99 and a fifty-two week high of $19.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00.
In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Keerti Melkote sold 102,284 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the transaction, the insider now directly owns 102,284 shares in the company, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 664,319 shares of company stock worth $10,978,971. 1.18% of the stock is owned by corporate insiders.
Several brokerages recently weighed in on HPE. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, August 30th. Raymond James cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 29th. BMO Capital Markets cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 29th. Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Finally, Deutsche Bank raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.43.
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About Hewlett Packard Enterprise
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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