Otter Tail Co. (NASDAQ:OTTR) Position Lessened by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. decreased its position in shares of Otter Tail Co. (NASDAQ:OTTR) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,627 shares of the utilities provider’s stock after selling 575 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Otter Tail were worth $1,671,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Otter Tail in the 3rd quarter valued at approximately $589,000. Intech Investment Management LLC bought a new stake in Otter Tail in the third quarter worth approximately $683,000. Stifel Financial Corp acquired a new position in shares of Otter Tail during the 3rd quarter worth $238,000. Assenagon Asset Management S.A. bought a new position in shares of Otter Tail during the 4th quarter valued at $455,000. Finally, Barclays PLC lifted its stake in shares of Otter Tail by 359.8% in the 3rd quarter. Barclays PLC now owns 70,553 shares of the utilities provider’s stock valued at $5,514,000 after purchasing an additional 55,210 shares during the last quarter. 61.32% of the stock is owned by institutional investors and hedge funds.

Otter Tail Trading Up 0.9 %

Otter Tail stock opened at $80.35 on Thursday. Otter Tail Co. has a one year low of $71.66 and a one year high of $100.84. The company’s fifty day moving average price is $79.89 and its two-hundred day moving average price is $78.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.66. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.21 and a beta of 0.53.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Monday, February 17th. The utilities provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $303.11 million for the quarter, compared to the consensus estimate of $314.75 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. On average, analysts forecast that Otter Tail Co. will post 5.88 earnings per share for the current fiscal year.

Otter Tail Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from Otter Tail’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 14th. Otter Tail’s payout ratio is presently 29.29%.

Otter Tail 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.