11 High Growth Utility Stocks To Invest In Now

7. Aris Water Solutions, Inc. (NYSE:ARIS)

Number of Hedge Fund Holders: 31

Average 5-Year Revenue Growth: 30.97%

Aris Water Solutions, Inc. (NYSE:ARIS) is a Texas-based company that assists oil and gas companies in the United States in managing their water use more sustainably. It specializes in collecting, transporting, and managing produced water from drilling activities. Aris also operates recycling facilities that treat and reuse this water. It is one of the top high growth stocks to consider. On February 26, Aris Water Solutions, Inc. (NYSE:ARIS) increased its quarterly dividend by 33% to $0.14 per share for Q1 2025. The dividend was paid on March 27, to shareholders on record by March 13.

Aris Water Solutions, Inc. (NYSE:ARIS) was successful in expanding into mineral extraction, beneficial reuse, and wastewater treatment beyond the oil and gas industry in 2024. In the fourth quarter of 2024, Aris acquired the McNeill Ranch, a 45,000-acre property in New Mexico and Texas, for $45 million. This acquisition strengthens the company’s disposal capacity and gives it more flexibility for future growth. The location also offers additional opportunities for income through renewable energy and other industrial uses. As of the end of 2024, Aris had a net debt of $422 million, with a leverage ratio of 2.0X, which is within their target range.

According to Insider Monkey’s fourth quarter database, 31 hedge funds reported owning stakes in Aris Water Solutions, Inc. (NYSE:ARIS), up from 19 funds in the prior quarter. Ranger Investment Management held the leading position in ARIS, with 1.80 million shares valued at over $43 million.