Otter Tail Co. (NASDAQ:OTTR) Shares Bought by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. boosted its holdings in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 401.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,050 shares of the utilities provider's stock after buying an additional 12,850 shares during the quarter. John G Ullman & Associates Inc.'s holdings in Otter Tail were worth $1,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of Otter Tail in the 3rd quarter valued at $589,000. GSA Capital Partners LLP raised its holdings in shares of Otter Tail by 285.1% in the 3rd quarter. GSA Capital Partners LLP now owns 19,030 shares of the utilities provider's stock valued at $1,487,000 after purchasing an additional 14,089 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Otter Tail in the 3rd quarter valued at $683,000. Stifel Financial Corp acquired a new stake in shares of Otter Tail in the 3rd quarter valued at $238,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Otter Tail in the 4th quarter valued at $455,000. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Up 0.1 %

Shares of NASDAQ OTTR traded up $0.06 during mid-day trading on Wednesday, reaching $78.95. The company had a trading volume of 409,503 shares, compared to its average volume of 245,886. 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 firm has a 50 day simple moving average of $77.73 and a two-hundred day simple moving average of $78.91. The stock has a market cap of $3.30 billion, a P/E ratio of 11.01 and a beta of 0.57. Otter Tail Co. has a 52-week low of $71.66 and a 52-week high of $100.84.

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

Otter Tail Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.525 per share. This is an increase from Otter Tail's previous quarterly dividend of $0.47. This represents a $2.10 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, February 14th. Otter Tail's dividend payout ratio (DPR) is presently 29.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Siebert Williams Shank upgraded shares of Otter Tail from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Otter Tail from a "sell" rating to a "hold" rating in a report on Thursday, November 14th.

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.