Otter Tail Co. (NASDAQ:OTTR) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its stake in shares of Otter Tail Co. (NASDAQ:OTTR) by 129.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,116 shares of the utilities provider’s stock after acquiring an additional 1,192 shares during the quarter. Jones Financial Companies Lllp’s holdings in Otter Tail were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OTTR. Crossmark Global Holdings Inc. increased its stake in shares of Otter Tail by 9.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,144 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 283 shares during the period. Entropy Technologies LP acquired a new position in shares of Otter Tail during the third quarter valued at approximately $668,000. Victory Capital Management Inc. increased its stake in shares of Otter Tail by 100.1% during the third quarter. Victory Capital Management Inc. now owns 71,518 shares of the utilities provider’s stock valued at $5,590,000 after acquiring an additional 35,783 shares during the period. KBC Group NV grew its position in Otter Tail by 27.9% in the third quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock worth $98,000 after buying an additional 272 shares during the last quarter. Finally, Royce & Associates LP grew its position in Otter Tail by 11.7% in the third quarter. Royce & Associates LP now owns 25,804 shares of the utilities provider’s stock worth $2,017,000 after buying an additional 2,698 shares during the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Trading Up 1.2 %

Otter Tail stock opened at $83.38 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 11.63 and a beta of 0.53. Otter Tail Co. has a 1 year low of $71.66 and a 1 year high of $100.84. The firm’s 50 day moving average price is $78.80 and its two-hundred day moving average price is $78.63.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.04. The firm had revenue of $303.11 million for the quarter, compared to analyst estimates of $314.75 million. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. On average, research analysts predict that Otter Tail Co. will post 5.88 EPS for the current fiscal year.

Otter Tail Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.525 dividend. This is a positive change from Otter Tail’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 14th. This represents a $2.10 annualized dividend and a yield of 2.52%. Otter Tail’s payout ratio is 29.29%.

About Otter Tail

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.