Farther Finance Advisors LLC Has $133,000 Stock Holdings in Otter Tail Corporation $OTTR

Farther Finance Advisors LLC trimmed its stake in shares of Otter Tail Corporation (NASDAQ:OTTR) by 35.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,729 shares of the utilities provider’s stock after selling 935 shares during the quarter. Farther Finance Advisors LLC’s holdings in Otter Tail were worth $133,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OTTR. Byrne Asset Management LLC increased its position in Otter Tail by 54.8% in the 1st quarter. Byrne Asset Management LLC now owns 387 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 137 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Otter Tail in the 1st quarter valued at approximately $34,000. Goodman Advisory Group LLC acquired a new position in Otter Tail in the 1st quarter valued at approximately $54,000. Costello Asset Management INC acquired a new position in Otter Tail in the 1st quarter valued at approximately $66,000. Finally, USA Financial Formulas increased its position in Otter Tail by 53.5% in the 1st quarter. USA Financial Formulas now owns 1,202 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 419 shares during the period. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Trading Down 1.2%

Shares of NASDAQ OTTR opened at $79.66 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.57 and a current ratio of 3.31. Otter Tail Corporation has a 52-week low of $71.66 and a 52-week high of $88.36. The firm has a 50 day moving average price of $82.06 and a two-hundred day moving average price of $79.66. The stock has a market cap of $3.34 billion, a P/E ratio of 11.71 and a beta of 0.54.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.11. Otter Tail had a net margin of 21.82% and a return on equity of 16.85%. The firm had revenue of $333.04 million during the quarter, compared to analysts’ expectations of $329.60 million. During the same period in the prior year, the company posted $2.07 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Otter Tail has set its FY 2025 guidance at 6.060-6.46 EPS. As a group, equities analysts forecast that Otter Tail Corporation will post 5.88 EPS for the current year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 15th. Otter Tail’s dividend payout ratio is 30.88%.

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.