6 days Ago By ABMN Staff
Alliancebernstein L.P. boosted its position in Otter Tail Co.
( NASDAQ:OTTR – Free Report ) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,668 shares of the utilities provider’s stock after buying an additional 1,140 shares during the quarter.
Alliancebernstein L.P. owned approximately 0.
11% of Otter Tail worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also added to or reduced their stakes in the business. Asset Planning Inc purchased a new position in shares of Otter Tail in the fourth quarter worth about $37,000.
Wilmington Savings Fund Society FSB bought a new stake in shares of Otter Tail in the 3rd quarter worth approximately $39,000. Crews Bank & Trust bought a new position in Otter Tail in the fourth quarter worth about $81,000. New Age Alpha Advisors LLC bought a new stake in shares of Otter Tail during the fourth quarter valued at approximately $94,000.
Finally, Nisa Investment Advisors LLC boosted its stake in Otter Tail by 28.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 333 shares in the last quarter.
61.32% of the stock is currently owned by hedge funds and other institutional investors. Otter Tail Price Performance Shares of NASDAQ:OTTR opened at $79.
98 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.
03 and a quick ratio of 1.66. The company has a market capitalization of $3.
35 billion, a PE ratio of 11.15 and a beta of 0.49.
Otter Tail Co. has a 1-year low of $71.66 and a 1-year high of $100.
84. The business has a fifty day moving average price of $80.06 and a 200-day moving average price of $78.
59. Otter Tail Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.
525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.
63%. This is a boost from Otter Tail’s previous quarterly dividend of $0.47.
The ex-dividend date of this dividend was Friday, February 14th. Otter Tail’s dividend payout ratio is currently 29.29%.
Otter Tail Profile ( Free Report ) 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.
Featured Articles Receive News & Ratings for Otter Tail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail and related companies with MarketBeat.com's FREE daily email newsletter ..
