Beacon Pointe Advisors LLC acquired a new stake in Otter Tail Co. (NASDAQ:OTTR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,580 shares of the utilities provider’s stock, valued at approximately $219,000.
Several other large investors also recently modified their holdings of OTTR. Quadrant Capital Group LLC raised its position 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 purchasing an additional 146 shares during the period. Quantbot Technologies LP bought a new position in shares of Otter Tail in the third quarter valued at about $58,000. GAMMA Investing LLC bought a new position in Otter Tail during the fourth quarter worth about $62,000. Blue Trust Inc. increased its position in Otter Tail by 53.9% during the fourth quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 362 shares during the period. Finally, Financial Perspectives Inc bought a new position in Otter Tail during the fourth quarter worth about $88,000. 61.32% of the stock is owned by institutional investors.
Otter Tail Price Performance
NASDAQ:OTTR opened at $90.90 on Monday. Otter Tail Co. has a 52 week low of $68.96 and a 52 week high of $99.49. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 12.49 and a beta of 0.56. The firm’s 50-day simple moving average is $86.47 and its 200 day simple moving average is $85.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.21 and a current ratio of 2.92.
Otter Tail Announces Dividend
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.
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