Aris Water Solutions, Inc. (NYSE:ARIS) Declares Dividend Increase – $0.14 Per Share

Aris Water Solutions, Inc. (NYSE:ARIS) declared a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.14 per share on Thursday, March 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, March 13th. This is a 33.3% increase from Aris Water Solutions’s previous quarterly dividend of $0.11.

Aris Water Solutions has a payout ratio of 35.0% indicating that 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 $0.56 annual dividend with an expected future payout ratio of 44.8%.

Aris Water Solutions Trading Up 5.1 %

NYSE ARIS opened at $28.08 on Tuesday. The firm has a market cap of $1.64 billion, a PE ratio of 35.10 and a beta of 1.88. Aris Water Solutions has a 1-year low of $11.89 and a 1-year high of $32.56. 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 stock has a 50-day moving average of $27.24 and a 200-day moving average of $22.73.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the business’s 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 sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction dated Friday, December 13th. The shares were 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. Over the last 90 days, insiders sold 4,159,678 shares of company stock worth $106,807,774. 23.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ARIS shares. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup reissued a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aris Water Solutions currently has an average rating of “Hold” and an average target price of $27.00.

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.