Dynamic Technology Lab Private Ltd Buys 8,624 Shares of Otter Tail Co. (NASDAQ:OTTR)

Dynamic Technology Lab Private Ltd raised its position in Otter Tail Co. (NASDAQ:OTTR - Free Report) by 240.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,211 shares of the utilities provider's stock after acquiring an additional 8,624 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Otter Tail were worth $955,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of OTTR. Bank & Trust Co bought a new stake in shares of Otter Tail during the 2nd quarter worth approximately $11,129,000. International Assets Investment Management LLC raised its stake in shares of Otter Tail by 3,339.9% during the 3rd quarter. International Assets Investment Management LLC now owns 76,434 shares of the utilities provider's stock worth $5,974,000 after purchasing an additional 74,212 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Otter Tail by 2,055.2% during the 2nd quarter. Edgestream Partners L.P. now owns 67,695 shares of the utilities provider's stock worth $5,929,000 after purchasing an additional 64,554 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Otter Tail during the 3rd quarter worth approximately $2,947,000. Finally, Victory Capital Management Inc. raised its stake in shares of Otter Tail by 100.1% during the 3rd quarter. Victory Capital Management Inc. now owns 71,518 shares of the utilities provider's stock worth $5,590,000 after purchasing an additional 35,783 shares in the last quarter. Institutional investors own 61.32% of the company's stock.

Otter Tail Stock Performance

Shares of OTTR stock traded up $0.65 during trading on Thursday, reaching $80.88. 186,430 shares of the company's stock were exchanged, compared to its average volume of 233,865. 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 has a market capitalization of $3.38 billion, a PE ratio of 11.17 and a beta of 0.52. Otter Tail Co. has a twelve month low of $73.43 and a twelve month high of $100.84. The firm's fifty day moving average price is $79.02 and its 200-day moving average price is $84.93.

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

Otter Tail Dividend Announcement

The company 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. This represents a $1.87 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, November 15th. Otter Tail's dividend payout ratio is 25.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Siebert Williams Shank upgraded Otter Tail from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com upgraded Otter Tail from a "sell" rating to a "hold" rating in a research note 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.