Otter Tail Co. (NASDAQ:OTTR) Stock Position Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 3,339.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,434 shares of the utilities provider's stock after acquiring an additional 74,212 shares during the period. International Assets Investment Management LLC owned about 0.18% of Otter Tail worth $5,974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning grew its position in shares of Otter Tail by 2.2% in the second quarter. Creative Planning now owns 6,281 shares of the utilities provider's stock valued at $550,000 after purchasing an additional 137 shares during the period. Foster & Motley Inc. raised its stake in Otter Tail by 1.5% during the second quarter. Foster & Motley Inc. now owns 9,855 shares of the utilities provider's stock worth $863,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Otter Tail by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 208 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Otter Tail by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 10,525 shares of the utilities provider's stock valued at $922,000 after buying an additional 208 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Otter Tail by 1.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 21,091 shares of the utilities provider's stock worth $1,847,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company's stock.

Otter Tail Trading Down 0.5 %

OTTR stock traded down $0.43 during trading on Friday, reaching $78.09. 181,029 shares of the stock traded hands, compared to its average volume of 229,652. The firm has a market capitalization of $3.27 billion, a PE ratio of 10.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.27 and a quick ratio of 1.67. The business's 50 day moving average price is $79.36 and its 200-day moving average price is $85.73. Otter Tail Co. has a 52-week low of $74.09 and a 52-week high of $100.84.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its earnings results on Monday, August 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.38. Otter Tail had a net margin of 22.84% and a return on equity of 21.06%. The firm had revenue of $342.34 million during the quarter, compared to the consensus estimate of $367.71 million. During the same quarter in the prior year, the company earned $1.95 EPS. The company's revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Otter Tail Co. will post 7.01 earnings per share for the current year.

Otter Tail Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.468 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.87 annualized dividend and a yield of 2.40%. Otter Tail's dividend payout ratio is currently 25.27%.

Insiders Place Their Bets

In other Otter Tail news, VP Jennifer O. Smestad sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total value of $354,960.00. Following the completion of the sale, the vice president now owns 12,300 shares of the company's stock, valued at $1,091,502. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

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.