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

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) announced a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.14 per share on Thursday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11.

Aris Water Solutions has a payout ratio of 25.3% meaning 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 Trading Down 4.2 %

ARIS stock traded down $1.34 on Monday, reaching $30.12. The company's stock had a trading volume of 745,938 shares, compared to its average volume of 926,139. The business has a fifty day simple moving average of $26.84 and a two-hundred day simple moving average of $22.23. Aris Water Solutions has a 12-month low of $11.32 and a 12-month high of $32.56. The firm has a market cap of $1.75 billion, a PE ratio of 37.50 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the completion of the sale, the insider now directly owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

ARIS has been the subject of several analyst reports. Citigroup restated a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Stifel Nicolaus raised their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.00.

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.