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

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

Aris Water Solutions has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Research 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 Performance

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

Insider Buying and Selling

In other news, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction 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 three months, insiders have sold 4,159,678 shares of company stock worth $106,807,774. 22.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARIS. Stifel Nicolaus upped their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective 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 from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Aris Water Solutions Company Profile

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.