Otter Tail Co. (NASDAQ:OTTR) Stock Position Raised by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its holdings in Otter Tail Co. (NASDAQ:OTTR) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,769 shares of the utilities provider’s stock after acquiring an additional 1,661 shares during the period. Nebula Research & Development LLC’s holdings in Otter Tail were worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Otter Tail in the 3rd quarter worth approximately $39,000. Asset Planning Inc acquired a new position in shares of Otter Tail during the fourth quarter valued at $37,000. Crews Bank & Trust bought a new position in shares of Otter Tail during the fourth quarter worth about $81,000. New Age Alpha Advisors LLC acquired a new stake in shares of Otter Tail in the 4th quarter worth about $94,000. Finally, Nisa Investment Advisors LLC lifted its position in Otter Tail by 28.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 333 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Trading Down 1.6 %

Otter Tail stock opened at $77.89 on Friday. The firm has a 50-day moving average price of $79.99 and a two-hundred day moving average price of $78.68. 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 $3.26 billion, a price-to-earnings ratio of 10.86 and a beta of 0.49. The company has a quick ratio of 1.66, a current ratio of 2.03 and a debt-to-equity ratio of 0.57.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data 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 return on equity of 18.96% and a net margin of 22.67%. The business had revenue of $303.11 million during the quarter, compared to analyst estimates of $314.75 million. Sell-side analysts expect that Otter Tail Co. will post 5.88 earnings per share for the current year.

Otter Tail Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.525 per share. This is a boost from Otter Tail’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 14th. This represents a $2.10 annualized dividend and a yield of 2.70%. Otter Tail’s dividend payout ratio (DPR) is presently 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.