Otter Tail Co. (NASDAQ:OTTR) Position Lessened by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,478 shares of the utilities provider's stock after selling 11,226 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.06% of Otter Tail worth $1,955,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Otter Tail in the third quarter worth $6,484,000. Barclays PLC grew its holdings in Otter Tail by 359.8% during the 3rd quarter. Barclays PLC now owns 70,553 shares of the utilities provider's stock worth $5,514,000 after acquiring an additional 55,210 shares in the last quarter. Buck Wealth Strategies LLC bought a new stake in shares of Otter Tail in the 4th quarter worth about $3,982,000. Victory Capital Management Inc. raised its stake in shares of Otter Tail by 61.1% in the 4th quarter. Victory Capital Management Inc. now owns 115,211 shares of the utilities provider's stock valued at $8,507,000 after purchasing an additional 43,693 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Otter Tail by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,275,068 shares of the utilities provider's stock worth $389,511,000 after purchasing an additional 43,186 shares during the last quarter. 61.32% of the stock is owned by institutional investors and hedge funds.

Otter Tail Stock Down 0.4 %

Otter Tail stock traded down $0.36 during midday trading on Monday, hitting $80.37. The stock had a trading volume of 237,422 shares, compared to its average volume of 229,505. The business has a fifty day moving average price of $79.97 and a 200 day moving average price of $78.64. Otter Tail Co. has a 12 month low of $71.66 and a 12 month high of $100.84. The stock has a market cap of $3.37 billion, a P/E ratio of 11.21 and a beta of 0.53. The company has a current ratio of 2.03, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57.

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Otter Tail (NASDAQ:OTTR - Get Free Report) last issued its quarterly earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.04. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. The business had revenue of $303.11 million during the quarter, compared to the consensus estimate of $314.75 million. Research analysts predict that Otter Tail Co. will post 5.88 EPS for the current year.

Otter Tail Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Otter Tail's previous quarterly dividend of $0.47. This represents a $2.10 annualized dividend and a dividend yield of 2.61%. 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.