Gamco Investors INC. ET AL Has $20.21 Million Position in Otter Tail Co. (NASDAQ:OTTR)

Gamco Investors INC. ET AL lifted its holdings in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,692 shares of the utilities provider's stock after purchasing an additional 10,250 shares during the quarter. Gamco Investors INC. ET AL owned 0.65% of Otter Tail worth $20,209,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. raised its holdings in Otter Tail by 49.6% in the 4th quarter. Invesco Ltd. now owns 291,344 shares of the utilities provider's stock valued at $21,513,000 after acquiring an additional 96,573 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Otter Tail by 93.5% during the fourth quarter. JPMorgan Chase & Co. now owns 189,345 shares of the utilities provider's stock worth $13,981,000 after purchasing an additional 91,516 shares during the period. Barclays PLC grew its stake in Otter Tail by 359.8% during the third quarter. Barclays PLC now owns 70,553 shares of the utilities provider's stock worth $5,514,000 after buying an additional 55,210 shares in the last quarter. Buck Wealth Strategies LLC bought a new position in Otter Tail in the 4th quarter valued at about $3,982,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Otter Tail by 61.1% during the 4th quarter. Victory Capital Management Inc. now owns 115,211 shares of the utilities provider's stock worth $8,507,000 after acquiring an additional 43,693 shares during the period. 61.32% of the stock is currently owned by institutional investors.

Otter Tail Price Performance

NASDAQ:OTTR traded up $0.43 during mid-day trading on Friday, reaching $78.96. The stock had a trading volume of 227,760 shares, compared to its average volume of 236,062. The stock has a 50-day simple moving average of $80.07 and a two-hundred day simple moving average of $78.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.66. Otter Tail Co. has a 12 month low of $71.66 and a 12 month high of $100.84. The stock has a market capitalization of $3.31 billion, a PE ratio of 11.01 and a beta of 0.49.

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, topping the consensus estimate of $1.26 by $0.04. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. The business had revenue of $303.11 million for the quarter, compared to the consensus estimate of $314.75 million. On average, equities analysts anticipate that Otter Tail Co. will post 5.88 earnings per share for the current year.

Otter Tail Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.525 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Otter Tail's previous quarterly dividend of $0.47. Otter Tail's payout ratio is 29.29%.

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.