Otter Tail Co. (NASDAQ:OTTR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Otter Tail Co. (NASDAQ:OTTR) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,545 shares of the utilities provider’s stock after acquiring an additional 27,415 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.28% of Otter Tail worth $39,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Otter Tail in the third quarter worth about $39,000. Asset Planning Inc acquired a new position in Otter Tail in the 4th quarter worth approximately $37,000. Crews Bank & Trust acquired a new position in Otter Tail in the 4th quarter worth approximately $81,000. KBC Group NV raised its position in Otter Tail by 27.9% during the 3rd quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock worth $98,000 after buying an additional 272 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Otter Tail by 28.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Stock Up 1.2 %

NASDAQ:OTTR opened at $83.38 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.66. The company’s fifty day moving average price is $78.80 and its 200-day moving average price is $78.58. Otter Tail Co. has a 1-year low of $71.66 and a 1-year high of $100.84. The firm has a market capitalization of $3.49 billion, a P/E ratio of 11.63 and a beta of 0.53.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.04. The company had revenue of $303.11 million for the quarter, compared to the consensus estimate of $314.75 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. As a group, equities research analysts anticipate that Otter Tail Co. will post 5.88 EPS for the current year.

Otter Tail Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.525 per share. This is a boost from Otter Tail’s previous quarterly dividend of $0.47. This represents a $2.10 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, February 14th. Otter Tail’s dividend payout ratio (DPR) is currently 29.29%.

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.