Otter Tail Co. (OTTR) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Otter Tail Co. (NASDAQ:OTTR) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,158,720 shares of the utilities provider’s stock after purchasing an additional 33,584 shares during the period. Dimensional Fund Advisors LP owned about 2.93% of Otter Tail worth $50,232,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. bought a new stake in Otter Tail during the second quarter worth about $107,000. Ameritas Investment Partners Inc. lifted its stake in Otter Tail by 9.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 309 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Otter Tail during the second quarter worth about $173,000. Amalgamated Bank bought a new stake in Otter Tail during the third quarter worth about $212,000. Finally, Murphy Capital Management Inc. bought a new stake in Otter Tail during the third quarter worth about $216,000. 41.02% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John D. Erickson sold 2,400 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.55, for a total value of $109,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP George A. Koeck sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $139,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,900 shares of company stock valued at $318,570. 1.40% of the stock is currently owned by corporate insiders.

Shares of Otter Tail Co. (NASDAQ OTTR) opened at $42.80 on Friday. Otter Tail Co. has a 52 week low of $35.65 and a 52 week high of $48.65. The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1,700.00, a PE ratio of 23.78 and a beta of 0.82.

Otter Tail (NASDAQ:OTTR) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. Otter Tail had a return on equity of 10.47% and a net margin of 8.53%. The company had revenue of $216.50 million during the quarter, compared to analyst estimates of $201.70 million. During the same quarter in the previous year, the company posted $0.37 EPS. Otter Tail’s revenue for the quarter was up 9.8% on a year-over-year basis. analysts expect that Otter Tail Co. will post 1.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Wednesday, November 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, November 14th. Otter Tail’s dividend payout ratio (DPR) is presently 71.11%.

OTTR has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Otter Tail in a research note on Friday, October 20th. Zacks Investment Research raised Otter Tail from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Friday, September 15th. Finally, BidaskClub lowered Otter Tail from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $44.67.

ILLEGAL ACTIVITY NOTICE: “Otter Tail Co. (OTTR) Shares Bought by Dimensional Fund Advisors LP” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3128127/otter-tail-co-ottr-shares-bought-by-dimensional-fund-advisors-lp.html.

Otter Tail Company Profile

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

Want to see what other hedge funds are holding OTTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otter Tail Co. (NASDAQ:OTTR).

Institutional Ownership by Quarter for Otter Tail (NASDAQ:OTTR)

Receive News & Ratings for Otter Tail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.