LPL Financial LLC raised its stake in shares of Otter Tail Co. (NASDAQ:OTTR – Get Rating) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,032 shares of the utilities provider’s stock after purchasing an additional 448 shares during the period. LPL Financial LLC’s holdings in Otter Tail were worth $1,939,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Ronald Blue Trust Inc. raised its position in Otter Tail by 47.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 538 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 173 shares during the last quarter. Fiduciary Alliance LLC bought a new position in Otter Tail during the 4th quarter worth $51,000. Armstrong Advisory Group Inc. bought a new position in Otter Tail during the 4th quarter worth $59,000. Affiance Financial LLC bought a new position in Otter Tail during the 4th quarter worth $75,000. Finally, Shell Asset Management Co. bought a new position in Otter Tail during the 3rd quarter worth $95,000. 49.01% of the stock is owned by institutional investors.
Otter Tail Stock Performance
Shares of OTTR opened at $77.28 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.18. The stock has a 50-day moving average of $73.45 and a 200-day moving average of $65.98. The company has a market cap of $3.22 billion, a PE ratio of 11.80 and a beta of 0.52. Otter Tail Co. has a one year low of $52.60 and a one year high of $82.46.
Otter Tail Dividend Announcement
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on OTTR shares. Maxim Group lowered Otter Tail from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Siebert Williams Shank lowered Otter Tail from a “hold” rating to a “sell” rating and set a $68.00 price objective for the company. in a research report on Wednesday, May 3rd. Finally, StockNews.com started coverage on Otter Tail in a research report on Thursday, May 18th. They issued a “hold” rating for the company.
About Otter Tail
Otter Tail Corp. is a holding company engaged in the energy, infrastructure, and production businesses. It operates through the following segments: Electric, Manufacturing, and Plastics. The Electric segment is involved in the generation, purchase, transmission, distribution, and sale of electric energy in western Minnesota, eastern North Dakota, and northeastern South Dakota.
- Get a free copy of the StockNews.com research report on Otter Tail (OTTR)
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