2,778 Shares in Otter Tail Co. (NASDAQ:OTTR) Acquired by Davis R M Inc.

Davis R M Inc. purchased a new position in shares of Otter Tail Co. (NASDAQ:OTTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,778 shares of the utilities provider’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Trexquant Investment LP increased its stake in Otter Tail by 91.5% in the fourth quarter. Trexquant Investment LP now owns 6,766 shares of the utilities provider’s stock valued at $575,000 after purchasing an additional 3,232 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Otter Tail in the fourth quarter valued at approximately $223,000. Beacon Pointe Advisors LLC acquired a new position in shares of Otter Tail in the fourth quarter valued at approximately $219,000. Quadrant Capital Group LLC boosted its holdings in shares of Otter Tail by 32.9% in the fourth quarter. Quadrant Capital Group LLC now owns 590 shares of the utilities provider’s stock valued at $50,000 after buying an additional 146 shares during the period. Finally, Wealth Group Ltd acquired a new position in shares of Otter Tail in the fourth quarter valued at approximately $226,000. 61.32% of the stock is owned by institutional investors.

Otter Tail Stock Down 0.9 %

Shares of Otter Tail stock traded down $0.84 on Thursday, hitting $90.52. The company had a trading volume of 11,652 shares, compared to its average volume of 232,119. The firm has a market capitalization of $3.78 billion, a P/E ratio of 12.55 and a beta of 0.56. Otter Tail Co. has a twelve month low of $68.96 and a twelve month high of $99.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.92 and a quick ratio of 2.21. The stock has a 50-day moving average of $86.09 and a 200-day moving average of $84.85.

Otter Tail Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.468 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, May 14th. Otter Tail’s dividend payout ratio (DPR) is presently 25.69%.

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.