Bank & Trust Co Has $9.26 Million Position in Otter Tail Co. (NASDAQ:OTTR)

Bank & Trust Co trimmed its position in Otter Tail Co. (NASDAQ:OTTR) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,379 shares of the utilities provider’s stock after selling 1,622 shares during the period. Otter Tail makes up approximately 7.8% of Bank & Trust Co’s investment portfolio, making the stock its 2nd largest holding. Bank & Trust Co owned 0.30% of Otter Tail worth $9,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Otter Tail in the third quarter valued at about $6,484,000. International Assets Investment Management LLC lifted its holdings in Otter Tail by 3,339.9% during the 3rd quarter. International Assets Investment Management LLC now owns 76,434 shares of the utilities provider’s stock valued at $5,974,000 after purchasing an additional 74,212 shares during the last quarter. Edgestream Partners L.P. boosted its position in Otter Tail by 2,055.2% during the second quarter. Edgestream Partners L.P. now owns 67,695 shares of the utilities provider’s stock worth $5,929,000 after purchasing an additional 64,554 shares during the period. Barclays PLC raised its position in shares of Otter Tail by 359.8% in the third quarter. Barclays PLC now owns 70,553 shares of the utilities provider’s stock valued at $5,514,000 after purchasing an additional 55,210 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Otter Tail in the 3rd quarter valued at about $2,947,000. 61.32% of the stock is owned by institutional investors and hedge funds.

Otter Tail Trading Up 0.9 %

Shares of NASDAQ OTTR traded up $0.66 during trading on Tuesday, reaching $73.19. The company had a trading volume of 59,022 shares, compared to its average volume of 183,546. The company’s fifty day moving average price is $78.15 and its 200-day moving average price is $82.33. Otter Tail Co. has a 12 month low of $72.04 and a 12 month high of $100.84. The stock has a market cap of $3.06 billion, a P/E ratio of 10.11 and a beta of 0.56. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.06. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. The firm had revenue of $338.03 million for the quarter, compared to analysts’ expectations of $362.20 million. During the same period in the prior year, the business earned $2.19 EPS. As a group, research analysts expect that Otter Tail Co. will post 7.13 earnings per share for the current year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.468 per share. The ex-dividend date was Friday, November 15th. This represents a $1.87 dividend on an annualized basis and a yield of 2.56%. Otter Tail’s dividend payout ratio (DPR) is currently 25.83%.

Analysts Set New Price Targets

OTTR has been the topic of a number of research reports. Siebert Williams Shank raised Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th. StockNews.com raised Otter Tail from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Otter Tail Profile

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.