Buck Wealth Strategies LLC Purchases New Holdings in Otter Tail Co. (NASDAQ:OTTR)

Buck Wealth Strategies LLC bought a new stake in Otter Tail Co. (NASDAQ:OTTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 53,929 shares of the utilities provider's stock, valued at approximately $3,982,000. Buck Wealth Strategies LLC owned approximately 0.13% of Otter Tail as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hoese & Co LLP bought a new stake in shares of Otter Tail during the 3rd quarter valued at about $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of Otter Tail during the third quarter valued at approximately $39,000. Allworth Financial LP raised its position in shares of Otter Tail by 132.8% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the utilities provider's stock worth $43,000 after purchasing an additional 312 shares during the period. Crews Bank & Trust bought a new stake in shares of Otter Tail in the 4th quarter worth approximately $81,000. Finally, KBC Group NV boosted its position in Otter Tail by 27.9% during the 3rd quarter. KBC Group NV now owns 1,248 shares of the utilities provider's stock valued at $98,000 after purchasing an additional 272 shares during the period. Institutional investors own 61.32% of the company's stock.

Analyst Upgrades and Downgrades

OTTR has been the topic of a number of recent research reports. Siebert Williams Shank upgraded Otter Tail from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Otter Tail from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th.

Otter Tail Stock Performance

OTTR traded up $1.60 during trading hours on Monday, hitting $79.28. The company's stock had a trading volume of 179,939 shares, compared to its average volume of 221,156. The company has a 50-day simple moving average of $76.64 and a 200 day simple moving average of $80.38. The company has a current ratio of 2.17, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.32 billion, a PE ratio of 10.95 and a beta of 0.57. Otter Tail Co. has a fifty-two week low of $71.66 and a fifty-two week high of $100.84.

Otter Tail Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.65%. This is a positive change from Otter Tail's previous quarterly dividend of $0.47. The ex-dividend date is Friday, February 14th. Otter Tail's dividend payout ratio (DPR) is 25.83%.

Otter Tail Profile

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.