Aris Water Solutions, Inc. (NYSE:ARIS) Declares $0.14 Dividend

Aris Water Solutions, Inc. (NYSE:ARIS) announced a dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be given a dividend of 0.14 per share on Thursday, March 27th. The ex-dividend date is Thursday, March 13th.

Aris Water Solutions has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Aris Water Solutions to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 33.6%.

Aris Water Solutions Stock Up 20.7 %

Shares of NYSE ARIS traded up $5.32 during trading on Thursday, reaching $30.98. 1,874,967 shares of the stock were exchanged, compared to its average volume of 926,102. The business’s 50-day moving average price is $26.55 and its 200 day moving average price is $21.96. Aris Water Solutions has a twelve month low of $9.76 and a twelve month high of $32.00. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 38.72 and a beta of 1.94.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ARIS. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Citigroup reiterated a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Insider Buying and Selling

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the transaction, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,159,678 shares of company stock worth $106,807,774. Insiders own 22.46% of the company’s stock.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.