GSA Capital Partners LLP Acquires 14,089 Shares of Otter Tail Co. (NASDAQ:OTTR)

GSA Capital Partners LLP grew its stake in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 285.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,030 shares of the utilities provider's stock after acquiring an additional 14,089 shares during the period. GSA Capital Partners LLP's holdings in Otter Tail were worth $1,487,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Otter Tail by 3.9% in the first quarter. Vanguard Group Inc. now owns 5,238,510 shares of the utilities provider's stock worth $452,607,000 after purchasing an additional 197,617 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Otter Tail by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,035,541 shares of the utilities provider's stock worth $90,703,000 after purchasing an additional 3,974 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Otter Tail by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 435,005 shares of the utilities provider's stock worth $38,102,000 after purchasing an additional 4,862 shares during the period. Federated Hermes Inc. increased its stake in Otter Tail by 3.6% in the second quarter. Federated Hermes Inc. now owns 143,074 shares of the utilities provider's stock valued at $12,532,000 after acquiring an additional 4,997 shares during the last quarter. Finally, Bank & Trust Co bought a new position in Otter Tail in the second quarter valued at $11,129,000. Hedge funds and other institutional investors own 61.32% of the company's stock.

Otter Tail Trading Up 0.1 %

Shares of Otter Tail stock traded up $0.11 during trading on Thursday, reaching $80.42. 52,201 shares of the stock were exchanged, compared to its average volume of 234,119. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. The stock's fifty day moving average is $78.52 and its 200 day moving average is $85.54. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 11.09 and a beta of 0.52. Otter Tail Co. has a 1 year low of $73.43 and a 1 year high of $100.84.

Otter Tail (NASDAQ:OTTR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.97 by $0.06. Otter Tail had a net margin of 22.70% and a return on equity of 19.84%. The business had revenue of $338.03 million during the quarter, compared to analyst estimates of $362.20 million. During the same period last year, the business posted $2.19 earnings per share. As a group, equities research analysts expect that Otter Tail Co. will post 7.01 earnings per share for the current fiscal year.

Otter Tail Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.468 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.87 annualized dividend and a yield of 2.33%. Otter Tail's dividend payout ratio (DPR) is presently 25.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OTTR. Siebert Williams Shank raised Otter Tail from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com raised Otter Tail from a "sell" rating to a "hold" rating in a research note on Thursday.

Otter Tail Company 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.