Otter Tail Co. (NASDAQ:OTTR) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Otter Tail Co. (NASDAQ:OTTR) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,502 shares of the utilities provider’s stock after purchasing an additional 333 shares during the period. Nisa Investment Advisors LLC’s holdings in Otter Tail were worth $111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OTTR. Assenagon Asset Management S.A. acquired a new stake in Otter Tail in the fourth quarter valued at $455,000. Franklin Resources Inc. lifted its stake in Otter Tail by 5.5% in the third quarter. Franklin Resources Inc. now owns 34,547 shares of the utilities provider’s stock valued at $2,714,000 after buying an additional 1,804 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Otter Tail in the 3rd quarter valued at about $39,000. Virtu Financial LLC acquired a new position in shares of Otter Tail during the third quarter worth approximately $711,000. Finally, Barclays PLC boosted its position in Otter Tail by 359.8% during the 3rd quarter. Barclays PLC now owns 70,553 shares of the utilities provider’s stock worth $5,514,000 after acquiring an additional 55,210 shares during the period. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Otter Tail Price Performance

NASDAQ OTTR opened at $77.68 on Friday. The company has a 50 day simple moving average of $77.10 and a 200-day simple moving average of $81.25. Otter Tail Co. has a 52-week low of $71.66 and a 52-week high of $100.84. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 10.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.17 and a quick ratio of 1.66.

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

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, November 15th. Otter Tail’s payout ratio is 25.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OTTR. Siebert Williams Shank upgraded shares of Otter Tail from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Otter Tail from a “sell” rating to a “hold” rating in a report 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.