WINTON GROUP Ltd Has $344,000 Stock Position in Otter Tail Co. (NASDAQ:OTTR)

WINTON GROUP Ltd raised its holdings in Otter Tail Co. (NASDAQ:OTTR) by 23.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,923 shares of the utilities provider’s stock after acquiring an additional 747 shares during the quarter. WINTON GROUP Ltd’s holdings in Otter Tail were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OTTR. Atticus Wealth Management LLC acquired a new stake in shares of Otter Tail during the second quarter worth $33,000. Quadrant Capital Group LLC increased its position in shares of Otter Tail by 32.9% during the fourth quarter. Quadrant Capital Group LLC now owns 590 shares of the utilities provider’s stock worth $50,000 after buying an additional 146 shares during the period. GAMMA Investing LLC increased its position in shares of Otter Tail by 46.3% during the second quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock worth $58,000 after buying an additional 208 shares during the period. Mather Group LLC. acquired a new stake in shares of Otter Tail during the second quarter worth $77,000. Finally, Blue Trust Inc. increased its position in shares of Otter Tail by 46.4% during the second quarter. Blue Trust Inc. now owns 1,580 shares of the utilities provider’s stock worth $137,000 after buying an additional 501 shares during the period. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Trading Down 1.8 %

OTTR opened at $78.85 on Thursday. Otter Tail Co. has a twelve month low of $68.96 and a twelve month high of $100.84. The company has a quick ratio of 1.67, a current ratio of 2.27 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $87.84 and a 200-day moving average of $87.00. The stock has a market cap of $3.30 billion, a PE ratio of 10.83 and a beta of 0.53.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, August 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.38. The business had revenue of $342.34 million for the quarter, compared to analyst estimates of $367.71 million. Otter Tail had a net margin of 22.84% and a return on equity of 21.06%. Otter Tail’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. On average, sell-side analysts predict that Otter Tail Co. will post 6.92 EPS for the current year.

Otter Tail Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, August 15th. Otter Tail’s dividend payout ratio (DPR) is 25.69%.

Insider Activity at Otter Tail

In related news, VP Jennifer O. Smestad sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total transaction of $354,960.00. Following the transaction, the vice president now directly owns 12,300 shares of the company’s stock, valued at $1,091,502. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

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.