8,550 Shares in Otter Tail Co. (NASDAQ:OTTR) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Otter Tail Co. (NASDAQ:OTTR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,550 shares of the utilities provider’s stock, valued at approximately $668,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atticus Wealth Management LLC bought a new position in Otter Tail in the second quarter worth approximately $33,000. Hoese & Co LLP bought a new position in Otter Tail in the third quarter worth approximately $39,000. Allworth Financial LP grew its stake in Otter Tail by 132.8% in the third quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 312 shares in the last quarter. GAMMA Investing LLC grew its stake in Otter Tail by 46.3% in the second 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. Finally, Quarry LP grew its stake in Otter Tail by 1,811.4% in the second quarter. Quarry LP now owns 669 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Down 0.8 %

Shares of NASDAQ OTTR opened at $79.64 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3.33 billion, a PE ratio of 11.00 and a beta of 0.52. The stock’s fifty day simple moving average is $78.52 and its two-hundred day simple moving average is $85.54. Otter Tail Co. has a 12-month low of $73.43 and a 12-month high of $100.84.

Otter Tail (NASDAQ:OTTR) last announced its earnings results on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.06. The business had revenue of $338.03 million for the quarter, compared to analysts’ expectations of $362.20 million. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. During the same quarter last year, the firm earned $2.19 EPS. As a group, analysts expect that Otter Tail Co. will post 7.01 EPS for the current fiscal year.

Otter Tail Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.468 per share. The ex-dividend date is Friday, November 15th. This represents a $1.87 annualized dividend and a dividend yield of 2.35%. Otter Tail’s dividend payout ratio is presently 25.83%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OTTR shares. StockNews.com raised Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday. Siebert Williams Shank raised Otter Tail from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th.

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.