Aris Water Solutions (NYSE:ARIS) Reaches New 1-Year High Following Dividend Announcement

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price hit a new 52-week high on Thursday following a dividend announcement from the company. The stock traded as high as $31.19 and last traded at $29.80, with a volume of 170434 shares changing hands. The stock had previously closed at $25.66.

The newly announced dividend which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is 52.50%.

Analyst Upgrades and Downgrades

ARIS has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a research note 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 note on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Aris Water Solutions currently has an average rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Stock Up 1.9 %

The stock has a market cap of $1.84 billion, a P/E ratio of 39.46 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $26.84 and its 200 day moving average is $22.14.

Insider Buying and Selling

In related news, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders have sold 4,159,678 shares of company stock worth $106,807,774 in the last quarter. 22.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARIS. International Assets Investment Management LLC bought a new position in shares of Aris Water Solutions during the 3rd quarter worth about $2,080,000. New York State Teachers Retirement System increased its holdings in shares of Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the period. Principal Financial Group Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth about $514,000. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth about $39,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Aris Water Solutions by 53.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after purchasing an additional 7,281 shares during the period. Institutional investors own 39.71% 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.