Measured Wealth Private Client Group LLC Makes New $256,000 Investment in Otter Tail Co. (NASDAQ:OTTR)

Measured Wealth Private Client Group LLC acquired a new stake in Otter Tail Co. (NASDAQ:OTTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,011 shares of the utilities provider’s stock, valued at approximately $256,000.

Several other institutional investors also recently modified their holdings of the company. Raymond James & Associates increased its position in Otter Tail by 5.7% during the third quarter. Raymond James & Associates now owns 20,146 shares of the utilities provider’s stock worth $1,529,000 after buying an additional 1,078 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Otter Tail by 32.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,051 shares of the utilities provider’s stock worth $611,000 after acquiring an additional 1,970 shares during the last quarter. Strs Ohio raised its stake in Otter Tail by 10.0% in the 3rd quarter. Strs Ohio now owns 2,200 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. lifted its holdings in Otter Tail by 4.3% during the 3rd quarter. Whittier Trust Co. now owns 69,347 shares of the utilities provider’s stock valued at $5,265,000 after purchasing an additional 2,865 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Otter Tail by 1.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 35,669 shares of the utilities provider’s stock worth $2,708,000 after purchasing an additional 493 shares during the period. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Performance

Shares of NASDAQ:OTTR traded up $0.77 on Friday, hitting $87.82. The company had a trading volume of 106,788 shares, compared to its average volume of 154,861. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 12.55 and a beta of 0.56. The stock has a 50 day moving average price of $84.67 and a 200 day moving average price of $83.20. Otter Tail Co. has a 1-year low of $68.96 and a 1-year high of $99.49. The company has a current ratio of 1.84, a quick ratio of 1.36 and a debt-to-equity ratio of 0.57.

Otter Tail (NASDAQ:OTTR) last announced its earnings results on Tuesday, February 13th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. Otter Tail had a net margin of 21.81% and a return on equity of 21.64%. The business had revenue of $314.31 million during the quarter, compared to the consensus estimate of $300.60 million. During the same quarter in the previous year, the firm posted $1.00 EPS. Analysts expect that Otter Tail Co. will post 5.28 EPS for the current year.

Otter Tail Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were paid a $0.468 dividend. The ex-dividend date was Wednesday, February 14th. This is an increase from Otter Tail’s previous quarterly dividend of $0.44. This represents a $1.87 annualized dividend and a yield of 2.13%. Otter Tail’s payout ratio is 26.71%.

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.