BNP Paribas Financial Markets Has $3.99 Million Stock Position in Otter Tail Co. (NASDAQ:OTTR)

BNP Paribas Financial Markets grew its holdings in shares of Otter Tail Co. (NASDAQ:OTTR) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,909 shares of the utilities provider’s stock after buying an additional 3,368 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of Otter Tail worth $3,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OTTR. Quantbot Technologies LP bought a new position in shares of Otter Tail during the third quarter valued at about $58,000. GAMMA Investing LLC bought a new stake in Otter Tail in the fourth quarter worth about $62,000. Blue Trust Inc. raised its position in Otter Tail by 53.9% in 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. Financial Perspectives Inc bought a new stake in Otter Tail in the fourth quarter worth about $88,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Otter Tail in the fourth quarter worth about $130,000. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Performance

Shares of OTTR stock opened at $92.07 on Wednesday. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 12.65 and a beta of 0.56. 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 Co. has a 52 week low of $68.96 and a 52 week high of $99.49. The firm’s 50-day simple moving average is $85.70 and its two-hundred day simple moving average is $84.74.

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.468 dividend. This represents a $1.87 annualized dividend and a yield of 2.03%. The ex-dividend date is Tuesday, May 14th. Otter Tail’s dividend payout ratio is 25.69%.

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.