Yousif Capital Management LLC Lowers Stock Holdings in Otter Tail Co. (NASDAQ:OTTR)

Yousif Capital Management LLC reduced its position in shares of Otter Tail Co. (NASDAQ:OTTR) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,850 shares of the utilities provider’s stock after selling 424 shares during the quarter. Yousif Capital Management LLC’s holdings in Otter Tail were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Otter Tail by 102.1% during the 3rd quarter. SG Americas Securities LLC now owns 3,599 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 1,818 shares during the last quarter. Creative Planning raised its holdings in Otter Tail by 14.9% in the third quarter. Creative Planning now owns 7,218 shares of the utilities provider’s stock worth $564,000 after purchasing an additional 937 shares in the last quarter. nVerses Capital LLC lifted its position in shares of Otter Tail by 4,500.0% during the third quarter. nVerses Capital LLC now owns 4,600 shares of the utilities provider’s stock valued at $360,000 after buying an additional 4,500 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Otter Tail by 4.6% in the 3rd quarter. Whittier Trust Co. now owns 81,749 shares of the utilities provider’s stock valued at $6,388,000 after buying an additional 3,609 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Otter Tail by 3.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 42,095 shares of the utilities provider’s stock worth $3,290,000 after buying an additional 1,249 shares during the last quarter. 61.32% of the stock is owned by institutional investors.

Otter Tail Stock Performance

OTTR opened at $80.70 on Friday. The company has a market cap of $3.38 billion, a P/E ratio of 11.15 and a beta of 0.57. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $76.59 and its 200-day moving average price is $80.11. Otter Tail Co. has a 52-week low of $71.66 and a 52-week high of $100.84.

Otter Tail Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.525 per share. This is a positive change from Otter Tail’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, February 14th. This represents a $2.10 dividend on an annualized basis and a yield of 2.60%. Otter Tail’s dividend payout ratio is presently 29.01%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Otter Tail from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Siebert Williams Shank upgraded Otter Tail from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.