WINTON GROUP Ltd Purchases 258 Shares of Otter Tail Co. (NASDAQ:OTTR)

WINTON GROUP Ltd lifted its position in Otter Tail Co. (NASDAQ:OTTRGet Rating) by 7.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,762 shares of the utilities provider’s stock after buying an additional 258 shares during the period. WINTON GROUP Ltd’s holdings in Otter Tail were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OTTR. Meeder Asset Management Inc. bought a new position in shares of Otter Tail in the first quarter worth $41,000. Goodman Advisory Group LLC bought a new position in Otter Tail in the second quarter valued at $45,000. Signaturefd LLC increased its stake in Otter Tail by 65.8% in the first quarter. Signaturefd LLC now owns 731 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 290 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Otter Tail in the second quarter valued at $88,000. Finally, SeaCrest Wealth Management LLC bought a new position in Otter Tail in the second quarter valued at $97,000. Institutional investors own 48.13% of the company’s stock.

Otter Tail Stock Performance

NASDAQ OTTR opened at $55.97 on Monday. The company has a 50-day simple moving average of $63.08 and a two-hundred day simple moving average of $67.16. The company has a quick ratio of 1.30, a current ratio of 1.90 and a debt-to-equity ratio of 0.70. Otter Tail Co. has a 12-month low of $52.60 and a 12-month high of $82.46. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 7.98 and a beta of 0.54.

Otter Tail Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.412 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.65 annualized dividend and a yield of 2.94%. Otter Tail’s payout ratio is 23.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OTTR shares. Maxim Group reduced their target price on Otter Tail from $95.00 to $75.00 in a research note on Wednesday, November 2nd. Siebert Williams Shank cut Otter Tail from a “hold” rating to a “sell” rating and increased their target price for the company from $62.00 to $64.00 in a research note on Wednesday, August 3rd. Finally, StockNews.com cut Otter Tail from a “buy” rating to a “hold” rating in a research note on Monday, October 31st.

Otter Tail Company Profile

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Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's 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, Inc markets.

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

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