John G Ullman & Associates Inc. Purchases Shares of 3,200 Otter Tail Co. (NASDAQ:OTTR)

John G Ullman & Associates Inc. acquired a new position in shares of Otter Tail Co. (NASDAQ:OTTR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,200 shares of the utilities provider’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Otter Tail by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,238,510 shares of the utilities provider’s stock valued at $452,607,000 after acquiring an additional 197,617 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Otter Tail in the 2nd quarter valued at $11,129,000. International Assets Investment Management LLC increased its position in shares of Otter Tail by 3,339.9% during the 3rd quarter. International Assets Investment Management LLC now owns 76,434 shares of the utilities provider’s stock worth $5,974,000 after purchasing an additional 74,212 shares in the last quarter. Edgestream Partners L.P. grew its holdings in 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 acquiring an additional 64,554 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Otter Tail during the 3rd quarter valued at about $2,947,000. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Up 1.2 %

Shares of NASDAQ:OTTR opened at $80.58 on Friday. Otter Tail Co. has a 1 year low of $73.43 and a 1 year high of $100.84. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.00 and a beta of 0.52. The business’s 50-day moving average is $78.81 and its 200-day moving average is $85.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.17 and a quick ratio of 1.66.

Otter Tail (NASDAQ:OTTR) last posted 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 firm had revenue of $338.03 million during the quarter, compared to analyst estimates of $362.20 million. During the same quarter last year, the business posted $2.19 EPS. Equities research analysts predict that Otter Tail Co. will post 7.01 earnings per share for the current year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.468 per share. This represents a $1.87 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, November 15th. Otter Tail’s dividend payout ratio (DPR) is presently 25.83%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Siebert Williams Shank upgraded Otter Tail from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.