Otter Tail Co. (NASDAQ:OTTR) Stock Position Increased by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,696 shares of the utilities provider's stock after buying an additional 4,464 shares during the period. Quantbot Technologies LP owned 0.05% of Otter Tail worth $1,602,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Otter Tail by 1.1% during the third quarter. State Street Corp now owns 1,598,531 shares of the utilities provider's stock worth $124,941,000 after purchasing an additional 18,109 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Otter Tail by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 536,545 shares of the utilities provider's stock worth $39,618,000 after acquiring an additional 27,415 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Otter Tail by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 405,146 shares of the utilities provider's stock valued at $29,916,000 after buying an additional 8,993 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Otter Tail by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 225,987 shares of the utilities provider's stock valued at $16,687,000 after acquiring an additional 9,088 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Otter Tail by 61.1% in the fourth quarter. Victory Capital Management Inc. now owns 115,211 shares of the utilities provider's stock worth $8,507,000 after purchasing an additional 43,693 shares in the last quarter. Institutional investors and hedge funds own 61.32% of the company's stock.

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Otter Tail Stock Performance

Shares of NASDAQ OTTR traded up $0.18 during trading on Friday, reaching $80.73. The stock had a trading volume of 139,500 shares, compared to its average volume of 229,474. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03. Otter Tail Co. has a one year low of $71.66 and a one year high of $100.84. The firm's 50 day moving average price is $79.95 and its two-hundred day moving average price is $78.58. The stock has a market cap of $3.38 billion, a PE ratio of 11.26 and a beta of 0.53.

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

Otter Tail Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.10 annualized dividend and a dividend yield of 2.60%. This is a positive change from Otter Tail's previous quarterly dividend of $0.47. Otter Tail's dividend payout ratio (DPR) is presently 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.