Armstrong Advisory Group Inc. Has $64,000 Position in Otter Tail Co. (NASDAQ:OTTR)

Armstrong Advisory Group Inc. lessened its position in Otter Tail Co. (NASDAQ:OTTR) by 48.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 860 shares of the utilities provider’s stock after selling 820 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Otter Tail were worth $64,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hoese & Co LLP acquired a new stake in shares of Otter Tail in the third quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB bought a new position in Otter Tail in the third quarter valued at $39,000. Allworth Financial LP increased its stake in Otter Tail by 132.8% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock valued at $43,000 after buying an additional 312 shares during the last quarter. Quarry LP boosted its stake in shares of Otter Tail by 1,811.4% during the 2nd quarter. Quarry LP now owns 669 shares of the utilities provider’s stock worth $59,000 after buying an additional 634 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Otter Tail by 27.9% during the 3rd quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock worth $98,000 after buying an additional 272 shares during the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Performance

NASDAQ OTTR opened at $77.85 on Friday. The stock has a market cap of $3.26 billion, a PE ratio of 10.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.17. The firm has a 50-day moving average of $77.38 and a 200-day moving average of $81.77. Otter Tail Co. has a 52-week low of $71.66 and a 52-week high of $100.84.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $362.20 million. During the same period last year, the business posted $2.19 earnings per share. On average, sell-side analysts anticipate that Otter Tail Co. will post 7.13 EPS for the current year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.468 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.87 annualized dividend and a dividend yield of 2.40%. Otter Tail’s dividend payout ratio (DPR) is presently 25.83%.

Analyst Ratings Changes

Several research firms have weighed in on OTTR. StockNews.com raised Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. 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.