Quantinno Capital Management LP Acquires 162 Shares of Otter Tail Co. (NASDAQ:OTTR)

Quantinno Capital Management LP grew its holdings in Otter Tail Co. (NASDAQ:OTTR) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,614 shares of the utilities provider’s stock after purchasing an additional 162 shares during the quarter. Quantinno Capital Management LP’s holdings in Otter Tail were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec bought a new position in Otter Tail in the third quarter worth approximately $6,484,000. International Assets Investment Management LLC raised its position in shares of Otter Tail by 3,339.9% in the 3rd quarter. International Assets Investment Management LLC now owns 76,434 shares of the utilities provider’s stock worth $5,974,000 after acquiring an additional 74,212 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Otter Tail by 2,055.2% during the 2nd quarter. Edgestream Partners L.P. now owns 67,695 shares of the utilities provider’s stock worth $5,929,000 after purchasing an additional 64,554 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Otter Tail during the third quarter valued at about $2,947,000. Finally, Victory Capital Management Inc. grew its stake in Otter Tail by 100.1% in the third quarter. Victory Capital Management Inc. now owns 71,518 shares of the utilities provider’s stock valued at $5,590,000 after purchasing an additional 35,783 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on OTTR shares. 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 raised shares of Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th.

Otter Tail Stock Down 0.0 %

Otter Tail stock opened at $75.87 on Tuesday. Otter Tail Co. has a fifty-two week low of $73.43 and a fifty-two week high of $100.84. The company has a market cap of $3.17 billion, a PE ratio of 10.47 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.17. The business’s 50-day simple moving average is $79.15 and its two-hundred day simple moving average is $83.85.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings data 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 net margin of 22.70% and a return on equity of 19.84%. The business had revenue of $338.03 million for the quarter, compared to the consensus estimate of $362.20 million. During the same period in the prior year, the firm earned $2.19 EPS. Equities analysts anticipate that Otter Tail Co. will post 7.13 EPS for the current year.

Otter Tail Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.468 per share. The ex-dividend date was Friday, November 15th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.47%. Otter Tail’s payout ratio is currently 25.83%.

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.