WINTON GROUP Ltd Has $1.03 Million Stock Holdings in Otter Tail Co. (NASDAQ:OTTR)

WINTON GROUP Ltd boosted its holdings in Otter Tail Co. (NASDAQ:OTTR) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,975 shares of the utilities provider’s stock after purchasing an additional 466 shares during the quarter. WINTON GROUP Ltd’s holdings in Otter Tail were worth $1,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Otter Tail in the third quarter worth $39,000. Asset Planning Inc acquired a new stake in shares of Otter Tail during the 4th quarter valued at $37,000. Crews Bank & Trust bought a new stake in shares of Otter Tail during the fourth quarter worth about $81,000. Nisa Investment Advisors LLC increased 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 acquiring an additional 333 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Otter Tail by 28.7% during the fourth quarter. KBC Group NV now owns 1,606 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 358 shares during the period. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Performance

NASDAQ OTTR opened at $80.73 on Friday. Otter Tail Co. has a twelve month low of $71.66 and a twelve month high of $100.84. The company has a quick ratio of 1.66, a current ratio of 2.03 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.26 and a beta of 0.53. The stock has a fifty day simple moving average of $79.97 and a 200 day simple moving average of $78.62.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, February 17th. The utilities provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.04. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. The company had revenue of $303.11 million during the quarter, compared to analysts’ expectations of $314.75 million. Sell-side analysts expect that Otter Tail Co. will post 5.88 EPS for the current year.

Otter Tail Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.10 annualized dividend and a yield of 2.60%. This is an increase from Otter Tail’s previous quarterly dividend of $0.47. Otter Tail’s dividend payout ratio (DPR) is presently 29.29%.

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.