Savant Capital LLC Reduces Position in Otter Tail Co. (NASDAQ:OTTR)

Savant Capital LLC decreased its position in Otter Tail Co. (NASDAQ:OTTR) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,667 shares of the utilities provider’s stock after selling 1,425 shares during the quarter. Savant Capital LLC’s holdings in Otter Tail were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hancock Whitney Corp boosted its position in shares of Otter Tail by 2.9% during the third quarter. Hancock Whitney Corp now owns 4,946 shares of the utilities provider’s stock valued at $387,000 after buying an additional 139 shares during the last quarter. Quantinno Capital Management LP raised its stake in Otter Tail by 6.6% during the 3rd quarter. Quantinno Capital Management LP now owns 2,614 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 162 shares during the period. KBC Group NV raised its stake in Otter Tail by 27.9% during 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. Crossmark Global Holdings Inc. increased its stake in Otter Tail by 9.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,144 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 283 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Otter Tail by 132.8% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 312 shares during the period. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Performance

NASDAQ OTTR opened at $76.99 on Tuesday. Otter Tail Co. has a 1-year low of $71.66 and a 1-year high of $100.84. The company has a market cap of $3.22 billion, a PE ratio of 10.63 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.17 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $76.58 and its 200-day simple moving average is $79.61.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.525 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.10 dividend on an annualized basis and a yield of 2.73%. This is an increase from Otter Tail’s previous quarterly dividend of $0.47. Otter Tail’s payout ratio is currently 25.83%.

Analyst Ratings Changes

Several brokerages have weighed in on OTTR. Siebert Williams Shank upgraded Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th. StockNews.com upgraded Otter Tail from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Otter Tail Company 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.