Otter Tail (NASDAQ:OTTR) Reaches New 52-Week High at $100.25

Otter Tail Co. (NASDAQ:OTTR)’s stock price reached a new 52-week high on Friday . The company traded as high as $100.25 and last traded at $99.50, with a volume of 99597 shares traded. The stock had previously closed at $97.44.

Otter Tail Stock Up 2.9 %

The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.21 and a current ratio of 2.92. The firm’s 50-day moving average is $89.05 and its 200 day moving average is $87.66. The firm has a market capitalization of $4.19 billion, a PE ratio of 13.38 and a beta of 0.55.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.77 EPS for the quarter. The business had revenue of $347.07 million for the quarter. Otter Tail had a net margin of 22.55% and a return on equity of 21.58%. As a group, research analysts forecast that Otter Tail Co. will post 6.35 earnings per share for the current fiscal year.

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, May 14th. Otter Tail’s dividend payout ratio is currently 25.69%.

Insider Activity

In other news, VP Paul L. Knutson sold 4,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $90.66, for a total transaction of $362,640.00. Following the completion of the transaction, the vice president now owns 20,359 shares of the company’s stock, valued at approximately $1,845,746.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Atticus Wealth Management LLC acquired a new stake in Otter Tail during the 2nd quarter worth approximately $33,000. Quadrant Capital Group LLC increased its position in Otter Tail by 32.9% during the 4th quarter. Quadrant Capital Group LLC now owns 590 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC increased its position in Otter Tail by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 208 shares in the last quarter. Mather Group LLC. acquired a new stake in Otter Tail during the 2nd quarter worth approximately $77,000. Finally, Financial Perspectives Inc acquired a new stake in Otter Tail during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

About Otter Tail

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.