Hewlett Packard Enterprise (HPE) To Go Ex-Dividend on December 20th

Hewlett Packard Enterprise (NYSE:HPE) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Investors 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 of this dividend is Friday, December 20th.

Hewlett Packard Enterprise has raised its dividend by an average of 0.7% per year over the last three years. Hewlett Packard Enterprise has a payout ratio of 24.4% indicating that 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 Trading Down 1.3 %

Shares of HPE opened at $21.57 on Wednesday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The company has a 50 day simple moving average of $21.11 and a two-hundred day simple moving average of $20.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a market cap of $28.01 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 717,601 shares of company stock valued at $15,140,976. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target on the stock. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Citigroup raised 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 note on Friday, December 6th. Finally, Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.79.

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.