Miller Howard Investments Inc. NY Acquires 2,977 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Miller Howard Investments Inc. NY boosted its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,794 shares of the company’s stock after purchasing an additional 2,977 shares during the period. Miller Howard Investments Inc. NY’s holdings in Select Water Solutions were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WTTR. Empowered Funds LLC lifted its holdings in Select Water Solutions by 11.5% during the 4th quarter. Empowered Funds LLC now owns 640,401 shares of the company’s stock valued at $8,479,000 after purchasing an additional 66,020 shares during the last quarter. Vest Financial LLC lifted its position in shares of Select Water Solutions by 48.3% during the 4th quarter. Vest Financial LLC now owns 193,890 shares of the company’s stock valued at $2,567,000 after acquiring an additional 63,149 shares during the period. Longboard Asset Management LP acquired a new stake in shares of Select Water Solutions during the 4th quarter worth $167,000. SG Americas Securities LLC acquired a new position in shares of Select Water Solutions in the 4th quarter valued at approximately $360,000. Finally, Ritholtz Wealth Management raised its position in Select Water Solutions by 24.1% during the fourth quarter. Ritholtz Wealth Management now owns 138,427 shares of the company’s stock valued at $1,833,000 after purchasing an additional 26,912 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Performance

Shares of WTTR opened at $12.77 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The stock has a 50-day moving average of $13.57 and a 200-day moving average of $12.33. The company has a market cap of $1.52 billion, a PE ratio of 21.64 and a beta of 1.73. Select Water Solutions, Inc. has a one year low of $7.47 and a one year high of $15.14.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be given a $0.07 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.19%. Select Water Solutions’s dividend payout ratio is currently 47.46%.

Analysts Set New Price Targets

Separately, Citigroup boosted their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.