Hewlett Packard Enterprise Company Declares Quarterly Dividend of $0.14 (NYSE:HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Thursday, September 17th will be paid a dividend of 0.1425 per share by the technology company on Friday, October 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 17th.

Hewlett Packard Enterprise has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Hewlett Packard Enterprise has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hewlett Packard Enterprise to earn $3.63 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 15.7%.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $51.85 on Thursday. Hewlett Packard Enterprise has a twelve month low of $19.84 and a twelve month high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $68.66 billion, a P/E ratio of 48.46, a PEG ratio of 0.54 and a beta of 1.43. The stock’s 50 day moving average is $49.63 and its 200 day moving average is $37.46.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, equities research analysts predict that Hewlett Packard Enterprise will post 2.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Sax Wealth Advisors LLC grew its position in Hewlett Packard Enterprise by 2.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock worth $396,000 after purchasing an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock valued at $324,000 after buying an additional 355 shares during the period. Investment Research Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 2.0% in the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after buying an additional 423 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after buying an additional 429 shares during the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock worth $451,000 after acquiring an additional 446 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.