Otter Tail Co. (NASDAQ:OTTR) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of Otter Tail Co. (NASDAQ:OTTR) by 129.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,116 shares of the utilities provider’s stock after acquiring an additional 1,192 shares during the period. Jones Financial Companies Lllp’s holdings in Otter Tail were worth $156,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OTTR. State Street Corp lifted its position in shares of Otter Tail by 1.1% during the third quarter. State Street Corp now owns 1,598,531 shares of the utilities provider’s stock worth $124,941,000 after purchasing an additional 18,109 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Otter Tail by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 509,130 shares of the utilities provider’s stock worth $39,794,000 after purchasing an additional 3,425 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Otter Tail by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 405,146 shares of the utilities provider’s stock worth $29,916,000 after purchasing an additional 8,993 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Otter Tail by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 225,987 shares of the utilities provider’s stock worth $16,687,000 after purchasing an additional 9,088 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Otter Tail by 2.8% during the fourth quarter. Rhumbline Advisers now owns 108,714 shares of the utilities provider’s stock worth $8,027,000 after purchasing an additional 2,996 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Performance

Shares of OTTR stock opened at $83.38 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03. The company’s 50-day simple moving average is $78.80 and its 200-day simple moving average is $78.63. Otter Tail Co. has a one year low of $71.66 and a one year high of $100.84. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 11.63 and a beta of 0.53.

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

Otter Tail Increases Dividend

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

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.