Proficio Capital Partners LLC Takes Position in Otter Tail Co. (NASDAQ:OTTR)

Proficio Capital Partners LLC purchased a new stake in Otter Tail Co. (NASDAQ:OTTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,802 shares of the utilities provider's stock, valued at approximately $1,167,000.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC grew its stake in Otter Tail by 2.8% in the fourth quarter. Private Advisor Group LLC now owns 4,826 shares of the utilities provider's stock valued at $356,000 after purchasing an additional 131 shares during the last quarter. Hancock Whitney Corp grew its position in shares of Otter Tail by 2.9% in the 3rd quarter. Hancock Whitney Corp now owns 4,946 shares of the utilities provider's stock worth $387,000 after buying an additional 139 shares during the last quarter. Quantinno Capital Management LP lifted its position in Otter Tail by 6.6% during the third quarter. Quantinno Capital Management LP now owns 2,614 shares of the utilities provider's stock valued at $204,000 after acquiring an additional 162 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Otter Tail by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 6,958 shares of the utilities provider's stock valued at $514,000 after acquiring an additional 253 shares in the last quarter. Finally, KBC Group NV boosted its stake in Otter Tail by 27.9% in the third quarter. KBC Group NV now owns 1,248 shares of the utilities provider's stock valued at $98,000 after acquiring an additional 272 shares in the last quarter. Institutional investors own 61.32% of the company's stock.

Otter Tail Stock Down 0.1 %

Shares of OTTR stock traded down $0.05 during trading hours on Monday, reaching $80.82. 204,908 shares of the company's stock were exchanged, compared to its average volume of 227,946. Otter Tail Co. has a fifty-two week low of $71.66 and a fifty-two week high of $100.84. The stock's 50 day moving average is $79.69 and its 200-day moving average is $78.52. The company has a current ratio of 2.03, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 11.27 and a beta of 0.53.

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Otter Tail (NASDAQ:OTTR - Get Free Report) last announced its earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.04. The company had revenue of $303.11 million for the quarter, compared to analyst estimates of $314.75 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. Analysts predict that Otter Tail Co. will post 5.88 earnings per share for the current fiscal year.

Otter Tail Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Otter Tail's previous quarterly dividend of $0.47. Otter Tail's payout ratio is currently 29.29%.

About Otter Tail

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets.