Wells Fargo & Company Raises Aris Water Solutions (NYSE:ARIS) Price Target to $29.00

Aris Water Solutions (NYSE:ARIS) had its price target boosted by Wells Fargo & Company from $26.00 to $29.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also weighed in on the company. Stifel Nicolaus upped 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. The Goldman Sachs Group raised 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 report on Thursday, December 19th. 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 research report on Wednesday, November 6th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Trading Up 1.9 %

Aris Water Solutions stock opened at $31.56 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a 12 month low of $10.56 and a 12 month high of $32.00. The company’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $22.14. The stock has a market cap of $1.84 billion, a P/E ratio of 39.46 and a beta of 1.94.

Aris Water Solutions Increases Dividend

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

Insiders Place Their Bets

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 sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,159,678 shares of company stock valued at $106,807,774 in the last quarter. Insiders own 22.46% of the company’s stock.

Institutional Trading of Aris Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in Aris Water Solutions in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $52,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions during the third quarter valued at approximately $39,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.