2 weeks Ago By Defense World Staff
Victory Capital Management Inc. increased its stake in shares of Otter Tail Co. (NASDAQ:OTTR – Free Report) by 61.
1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,211 shares of the utilities provider’s stock after buying an additional 43,693 shares during the period. Victory Capital Management Inc.
owned 0.28% of Otter Tail worth $8,507,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also modified their holdings of OTTR.
Asset Planning Inc bought a new stake in Otter Tail in the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new stake in Otter Tail in the 3rd quarter valued at about $39,000. Crews Bank & Trust bought a new stake in Otter Tail in the 4th quarter valued at about $81,000.
KBC Group NV boosted its holdings in Otter Tail by 27.9% in the 3rd quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 272 shares during the period.
Finally, Nisa Investment Advisors LLC boosted its holdings in Otter Tail by 28.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 333 shares during the period.
Institutional investors own 61.32% of the company’s stock. Otter Tail Stock PerformanceNASDAQ OTTR opened at $83.
38 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 has a market capitalization of $3.
49 billion, a P/E ratio of 11.63 and a beta of 0.53.
Otter Tail Co. has a 12-month low of $71.66 and a 12-month high of $100.
84. The firm has a 50-day moving average price of $78.80 and a two-hundred day moving average price of $78.
63. Otter Tail (NASDAQ:OTTR – Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The utilities provider reported $1.
30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04.
The firm had revenue of $303.11 million during the quarter, compared to the consensus estimate of $314.75 million.
Otter Tail had a net margin of 22.67% and a return on equity of 18.96%.
Analysts anticipate that Otter Tail Co. will post 5.88 earnings per share for the current year.
Otter Tail Increases DividendThe company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.525 dividend.
The ex-dividend date was Friday, February 14th. This is a boost from Otter Tail’s previous quarterly dividend of $0.47.
This represents a $2.10 annualized dividend and a dividend yield of 2.52%.
Otter Tail’s payout ratio is presently 29.29%. 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.Featured StoriesFive stocks we like better than Otter TailRide Out The Recession With These Dividend Kings Rubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadWhat Are Treasury Bonds?How Super Micro Computer Stock Is Defying the Market Sell-OffCanadian Penny Stocks: Can They Make You Rich? AppLovin vs.
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