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

Armstrong Advisory Group Inc. reduced its stake in shares of Otter Tail Co. (NASDAQ:OTTR) by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OTTR. American Century Companies Inc. boosted its position in Otter Tail by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 20,583 shares of the utilities provider’s stock valued at $1,803,000 after buying an additional 2,890 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Otter Tail by 23.5% in the second quarter. WINTON GROUP Ltd now owns 3,923 shares of the utilities provider’s stock valued at $344,000 after acquiring an additional 747 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Otter Tail by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,035,541 shares of the utilities provider’s stock worth $90,703,000 after purchasing an additional 3,974 shares during the period. Hsbc Holdings PLC increased its position in Otter Tail by 11.0% in the second quarter. Hsbc Holdings PLC now owns 7,756 shares of the utilities provider’s stock worth $678,000 after purchasing an additional 766 shares during the period. Finally, Sei Investments Co. raised its holdings in Otter Tail by 10.9% during the 2nd quarter. Sei Investments Co. now owns 7,109 shares of the utilities provider’s stock worth $623,000 after purchasing an additional 701 shares during the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Price Performance

Shares of OTTR stock opened at $77.85 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. Otter Tail Co. has a 12-month low of $71.66 and a 12-month high of $100.84. The firm has a fifty day moving average of $77.38 and a 200-day moving average of $81.77. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 10.75 and a beta of 0.56.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.06. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. The company had revenue of $338.03 million for the quarter, compared to analyst estimates of $362.20 million. During the same quarter last year, the firm posted $2.19 earnings per share. On average, equities research analysts forecast that Otter Tail Co. will post 7.13 earnings per share for the current year.

Otter Tail Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Siebert Williams Shank upgraded shares of Otter Tail from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

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.