37,704 Shares in Otter Tail Co. (NASDAQ:OTTR) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,704 shares of the utilities provider's stock, valued at approximately $2,947,000. Segall Bryant & Hamill LLC owned 0.09% of Otter Tail at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atticus Wealth Management LLC acquired a new position in shares of Otter Tail during the second quarter worth $33,000. Hoese & Co LLP acquired a new position in shares of Otter Tail during the third quarter valued at about $39,000. Allworth Financial LP raised its stake in Otter Tail by 132.8% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the utilities provider's stock worth $43,000 after buying an additional 312 shares during the period. GAMMA Investing LLC grew its stake in Otter Tail by 46.3% in the second quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider's stock valued at $58,000 after acquiring an additional 208 shares during the period. Finally, Quarry LP increased its holdings in shares of Otter Tail by 1,811.4% during the second quarter. Quarry LP now owns 669 shares of the utilities provider's stock valued at $59,000 after acquiring an additional 634 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Performance

Shares of OTTR traded up $0.20 on Friday, reaching $80.78. 281,982 shares of the company's stock traded hands, compared to its average volume of 258,074. The stock has a market cap of $3.38 billion, a PE ratio of 11.16 and a beta of 0.52. The company has a current ratio of 2.17, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The stock's 50 day simple moving average is $78.92 and its two-hundred day simple moving average is $85.20. Otter Tail Co. has a 52-week low of $73.43 and a 52-week high of $100.84.

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

Otter Tail Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.468 dividend. This represents a $1.87 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, November 15th. Otter Tail's dividend payout ratio (DPR) is currently 25.83%.

Analyst Upgrades and Downgrades

OTTR has been the topic of a number of recent research reports. StockNews.com raised shares of Otter Tail from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Siebert Williams Shank upgraded Otter Tail from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 6th.

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.