2 weeks Ago By ABMN Staff
Thrivent Financial for Lutherans reduced its stake in shares of Otter Tail Co. ( NASDAQ:OTTR – Free Report ) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 34,712 shares of the utilities provider’s stock after selling 1,473 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Otter Tail worth $3,040,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Trexquant Investment LP raised its position in shares of Otter Tail by 91.5% during the fourth quarter.
Trexquant Investment LP now owns 6,766 shares of the utilities provider’s stock valued at $575,000 after buying an additional 3,232 shares during the last quarter. Wealth Forward LLC acquired a new stake in shares of Otter Tail during the 4th quarter worth approximately $360,000. AlphaMark Advisors LLC acquired a new stake in shares of Otter Tail during the 1st quarter worth approximately $310,000.
Benjamin Edwards Inc. increased its position in shares of Otter Tail by 76.5% during the first quarter.
Benjamin Edwards Inc. now owns 36,669 shares of the utilities provider’s stock valued at $3,168,000 after purchasing an additional 15,892 shares during the period. Finally, Principal Financial Group Inc.
raised its stake in shares of Otter Tail by 1.9% in the first quarter. Principal Financial Group Inc.
now owns 235,102 shares of the utilities provider’s stock valued at $20,313,000 after purchasing an additional 4,358 shares in the last quarter. 61.32% of the stock is owned by institutional investors.
Otter Tail Stock Up 0.8 % OTTR opened at $78.11 on Monday.
The company has a market capitalization of $3.27 billion, a P/E ratio of 10.73 and a beta of 0.
53. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.
27 and a quick ratio of 1.67. The firm’s fifty day moving average price is $86.
13 and its two-hundred day moving average price is $86.69. Otter Tail Co.
has a fifty-two week low of $68.96 and a fifty-two week high of $100.84.
Otter Tail Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.468 per share.
The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.87 annualized dividend and a dividend yield of 2.
40%. Otter Tail’s dividend payout ratio (DPR) is presently 25.69%.
Insider Buying and Selling at Otter Tail In other Otter Tail news, VP Jennifer O. Smestad sold 4,000 shares of Otter Tail stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $88.
74, for a total transaction of $354,960.00. Following the completion of the transaction, the vice president now directly owns 12,300 shares of the company’s stock, valued at $1,091,502.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Company insiders own 2.30% of the company’s stock.
About Otter Tail ( 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.
Further Reading Want to see what other hedge funds are holding OTTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otter Tail Co. ( NASDAQ:OTTR – Free Report ).
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