Otter Tail Co. (NASDAQ:OTTR) Shares Acquired by Xponance Inc.

Xponance Inc. raised its position in shares of Otter Tail Co. (NASDAQ:OTTR) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,946 shares of the utilities provider’s stock after buying an additional 246 shares during the quarter. Xponance Inc.’s holdings in Otter Tail were worth $218,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Otter Tail during the 3rd quarter valued at approximately $683,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Otter Tail by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 509,130 shares of the utilities provider’s stock worth $39,794,000 after purchasing an additional 3,425 shares during the period. Citigroup Inc. lifted its position in shares of Otter Tail by 56.6% in the 3rd quarter. Citigroup Inc. now owns 53,489 shares of the utilities provider’s stock worth $4,181,000 after buying an additional 19,324 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Otter Tail by 191.8% in the 3rd quarter. Quantbot Technologies LP now owns 17,232 shares of the utilities provider’s stock valued at $1,347,000 after buying an additional 11,327 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Otter Tail by 17.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,533 shares of the utilities provider’s stock valued at $1,449,000 after buying an additional 2,820 shares during the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Price Performance

OTTR opened at $80.73 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.03 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $79.97 and its 200 day moving average price is $78.60. Otter Tail Co. has a fifty-two week low of $71.66 and a fifty-two week high of $100.84. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 11.26 and a beta of 0.53.

Otter Tail (NASDAQ:OTTR) last announced 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 business had revenue of $303.11 million for the quarter, compared to the consensus estimate of $314.75 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. As a group, sell-side analysts expect that Otter Tail Co. will post 5.88 earnings per share for the current year.

Otter Tail Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.525 per share. This is an increase 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 dividend yield of 2.60%. 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.