Foster & Motley Inc. Acquires 149 Shares of Otter Tail Co. (NASDAQ:OTTR)

Foster & Motley Inc. boosted its holdings in Otter Tail Co. (NASDAQ:OTTR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,855 shares of the utilities provider’s stock after acquiring an additional 149 shares during the quarter. Foster & Motley Inc.’s holdings in Otter Tail were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OTTR. Atticus Wealth Management LLC bought a new position in shares of Otter Tail in the second quarter worth approximately $33,000. Quadrant Capital Group LLC grew its stake in Otter Tail by 32.9% in the 4th quarter. Quadrant Capital Group LLC now owns 590 shares of the utilities provider’s stock worth $50,000 after buying an additional 146 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Otter Tail by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock worth $58,000 after buying an additional 208 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Otter Tail during the 2nd quarter valued at $77,000. Finally, Blue Trust Inc. raised its position in shares of Otter Tail by 46.4% during the 2nd quarter. Blue Trust Inc. now owns 1,580 shares of the utilities provider’s stock valued at $137,000 after buying an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jennifer O. Smestad sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total value of $354,960.00. Following the completion of the sale, the vice president now owns 12,300 shares of the company’s stock, valued at approximately $1,091,502. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Otter Tail Stock Down 3.1 %

Shares of NASDAQ:OTTR opened at $78.18 on Friday. The firm has a market capitalization of $3.27 billion, a PE ratio of 10.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.67 and a current ratio of 2.27. Otter Tail Co. has a 52-week low of $68.96 and a 52-week high of $100.84. The firm has a fifty day moving average of $89.51 and a 200 day moving average of $87.73.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.38. The firm had revenue of $342.34 million during the quarter, compared to analysts’ expectations of $367.71 million. Otter Tail had a return on equity of 21.06% and a net margin of 22.84%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 EPS. As a group, research analysts anticipate that Otter Tail Co. will post 6.92 EPS for the current fiscal year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, August 15th. Otter Tail’s payout ratio is currently 25.69%.

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.