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

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 is Thursday, March 13th.

Aris Water Solutions has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:ARIS traded up $5.32 during trading on Thursday, reaching $30.98. The company had a trading volume of 1,874,967 shares, compared to its average volume of 926,102. The firm’s fifty day moving average is $26.69 and its 200 day moving average is $22.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARIS. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup restated a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.50.

Insider Buying and Selling

In other news, major shareholder S Corp Gable sold 38,739 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the sale, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. This represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was 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. In the last quarter, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 22.46% of the stock is owned by corporate insiders.

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.