Dimensional Fund Advisors LP boosted its holdings in shares of Otter Tail Co. (NASDAQ:OTTR) by 0.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,184,938 shares of the utilities provider’s stock after buying an additional 4,197 shares during the period. Dimensional Fund Advisors LP’s holdings in Otter Tail were worth $56,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Aperio Group LLC raised its stake in Otter Tail by 18.6% during the 1st quarter. Aperio Group LLC now owns 8,334 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 1,309 shares during the period. Perigon Wealth Management LLC raised its stake in Otter Tail by 70.4% during the 1st quarter. Perigon Wealth Management LLC now owns 3,352 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 1,385 shares during the period. New York State Common Retirement Fund raised its stake in Otter Tail by 3.2% during the 1st quarter. New York State Common Retirement Fund now owns 46,224 shares of the utilities provider’s stock valued at $2,004,000 after purchasing an additional 1,430 shares during the period. Whittier Trust Co. raised its stake in Otter Tail by 4.7% during the 2nd quarter. Whittier Trust Co. now owns 33,061 shares of the utilities provider’s stock valued at $1,573,000 after purchasing an additional 1,475 shares during the period. Finally, Sei Investments Co. raised its stake in Otter Tail by 9.3% during the 2nd quarter. Sei Investments Co. now owns 21,189 shares of the utilities provider’s stock valued at $1,009,000 after purchasing an additional 1,805 shares during the period. 42.74% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the company. BidaskClub downgraded Otter Tail from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research downgraded Otter Tail from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine raised Otter Tail from a “hold” rating to a “buy” rating in a research note on Wednesday, June 20th. Finally, Williams Capital downgraded Otter Tail from a “hold” rating to a “sell” rating and set a $42.00 target price on the stock. in a research note on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.67.

NASDAQ OTTR opened at $47.90 on Tuesday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 25.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.44 and a quick ratio of 0.90. Otter Tail Co. has a 1-year low of $39.00 and a 1-year high of $49.75.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, August 6th. The utilities provider reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $226.30 million during the quarter, compared to analysts’ expectations of $224.80 million. Otter Tail had a return on equity of 11.74% and a net margin of 9.09%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. research analysts forecast that Otter Tail Co. will post 2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, August 14th. Otter Tail’s dividend payout ratio is presently 72.04%.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics 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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