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

Key Points

• Aris Water Solutions, Inc. declared a quarterly dividend of $0.14 per share, with a dividend yield of 2.4%, payable on September 18th to investors of record as of September 4th.
• The company's recent earnings report showed a miss of analysts' expectations, with earnings per share of $0.19 against a consensus estimate of $0.24, despite revenues exceeding projections at $124.09 million.
• Institutional investors have significantly increased their holdings in Aris Water Solutions, reflecting growing interest, with some firms boosting their positions by over 7,000% in recent quarters.

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, Wall Street Journal reports. Investors of record on Thursday, September 4th will be paid a dividend of 0.14 per share on Thursday, September 18th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th.

Aris Water Solutions has a payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of ARIS stock traded up $0.38 on Tuesday, hitting $23.72. 2,436,211 shares of the company's stock were exchanged, compared to its average volume of 905,520. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. Aris Water Solutions has a 12 month low of $14.46 and a 12 month high of $33.95. The stock has a market cap of $1.40 billion, a P/E ratio of 28.92 and a beta of 1.67. The company has a 50 day moving average of $23.19 and a 200 day moving average of $25.51.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The firm had revenue of $124.09 million during the quarter, compared to analyst estimates of $120.68 million. On average, equities research analysts predict that Aris Water Solutions will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP bought a new position in Aris Water Solutions in the 4th quarter valued at approximately $27,000. Comerica Bank lifted its position in Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after acquiring an additional 495 shares in the last quarter. AlphaQuest LLC lifted its position in Aris Water Solutions by 7,114.3% in the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company's stock valued at $36,000 after acquiring an additional 1,494 shares in the last quarter. Harbour Investments Inc. lifted its position in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after acquiring an additional 1,272 shares in the last quarter. Finally, CWM LLC lifted its position in Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after acquiring an additional 1,444 shares in the last quarter. Hedge funds and other 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.

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