Dynamic Technology Lab Private Ltd Has $345,000 Stock Position in Otter Tail Co. (NASDAQ:OTTR)

Dynamic Technology Lab Private Ltd decreased its holdings in Otter Tail Co. (NASDAQ:OTTR - Free Report) by 61.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,671 shares of the utilities provider's stock after selling 7,540 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Otter Tail were worth $345,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in Otter Tail by 4.3% in the third quarter. Janus Henderson Group PLC now owns 23,478 shares of the utilities provider's stock worth $1,835,000 after purchasing an additional 966 shares during the period. Quantinno Capital Management LP increased its position in shares of Otter Tail by 6.6% in the third quarter. Quantinno Capital Management LP now owns 2,614 shares of the utilities provider's stock worth $204,000 after acquiring an additional 162 shares in the last quarter. Stifel Financial Corp acquired a new stake in Otter Tail during the third quarter valued at $238,000. State Street Corp increased its position in Otter Tail by 1.1% during the third quarter. State Street Corp now owns 1,598,531 shares of the utilities provider's stock worth $124,941,000 after buying an additional 18,109 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Otter Tail during the third quarter valued at approximately $589,000. 61.32% of the stock is currently owned by hedge funds and other institutional investors.

Otter Tail Stock Performance

Shares of Otter Tail stock traded up $0.06 during trading on Tuesday, reaching $80.04. The company's stock had a trading volume of 21,372 shares, compared to its average volume of 233,991. Otter Tail Co. has a one year low of $71.66 and a one year high of $100.84. The business's fifty day moving average price is $80.06 and its 200-day moving average price is $78.59. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 11.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03.

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

Otter Tail Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.525 per share. The ex-dividend date was Friday, February 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.62%. This is a boost from Otter Tail's previous quarterly dividend of $0.47. Otter Tail's dividend payout ratio (DPR) is 29.29%.

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.