Aquatic Capital Management LLC Grows Stock Holdings in Otter Tail Co. (NASDAQ:OTTR)

Aquatic Capital Management LLC increased its stake in Otter Tail Co. (NASDAQ:OTTR) by 17.2% in the 4th quarter, HoldingsChannel reports. The fund owned 18,635 shares of the utilities provider’s stock after acquiring an additional 2,735 shares during the period. Aquatic Capital Management LLC’s holdings in Otter Tail were worth $1,376,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Otter Tail during the 3rd quarter valued at approximately $39,000. Asset Planning Inc bought a new position in Otter Tail during the fourth quarter valued at $37,000. Crews Bank & Trust purchased a new stake in shares of Otter Tail in the fourth quarter valued at $81,000. New Age Alpha Advisors LLC bought a new stake in shares of Otter Tail in the 4th quarter worth about $94,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Otter Tail by 28.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 333 shares during the period. 61.32% of the stock is owned by institutional investors.

Otter Tail Stock Performance

Otter Tail stock opened at $78.68 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.66. The firm has a market capitalization of $3.29 billion, a P/E ratio of 10.97 and a beta of 0.49. Otter Tail Co. has a 1-year low of $71.66 and a 1-year high of $100.84. The company’s 50-day moving average is $79.87 and its 200 day moving average is $78.73.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Monday, February 17th. The utilities provider reported $1.30 EPS for the quarter, beating 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 business had revenue of $303.11 million for the quarter, compared to the consensus estimate of $314.75 million. Research analysts forecast that Otter Tail Co. will post 5.88 EPS 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 given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, February 14th. This is a boost from Otter Tail’s previous quarterly dividend of $0.47. Otter Tail’s dividend payout ratio (DPR) is 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.