Otter Tail Corporation (NASDAQ:OTTR) VP George A. Koeck sold 3,000 shares of Otter Tail Corporation stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total transaction of $139,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Otter Tail Corporation (OTTR) traded up $0.10 on Friday, hitting $45.95. 53,529 shares of the company were exchanged, compared to its average volume of 78,260. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. The stock has a market capitalization of $1,820.00, a P/E ratio of 26.03 and a beta of 0.81. Otter Tail Corporation has a one year low of $35.65 and a one year high of $47.45.

Otter Tail Corporation (NASDAQ:OTTR) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $216.50 million for the quarter, compared to the consensus estimate of $201.70 million. Otter Tail Corporation had a net margin of 8.53% and a return on equity of 10.47%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. research analysts predict that Otter Tail Corporation will post 1.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Wednesday, November 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Tuesday, November 14th. Otter Tail Corporation’s payout ratio is 71.11%.

WARNING: “Otter Tail Corporation (OTTR) VP George A. Koeck Sells 3,000 Shares of Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/otter-tail-corporation-ottr-vp-george-a-koeck-sells-3000-shares-of-stock/1712411.html.

A number of analysts have recently commented on OTTR shares. BidaskClub upgraded shares of Otter Tail Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Otter Tail Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, August 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Otter Tail Corporation in a research note on Friday, October 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Otter Tail Corporation has a consensus rating of “Hold” and a consensus price target of $44.67.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Otter Tail Corporation in the second quarter worth approximately $107,000. North Star Investment Management Corp. boosted its holdings in shares of Otter Tail Corporation by 91.9% in the second quarter. North Star Investment Management Corp. now owns 2,905 shares of the utilities provider’s stock worth $115,000 after buying an additional 1,391 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Otter Tail Corporation by 9.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock worth $137,000 after buying an additional 309 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Otter Tail Corporation in the second quarter worth approximately $173,000. Finally, Amalgamated Bank purchased a new position in shares of Otter Tail Corporation in the third quarter worth approximately $212,000. 40.45% of the stock is currently owned by institutional investors.

About Otter Tail Corporation

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).

Insider Buying and Selling by Quarter for Otter Tail Corporation (NASDAQ:OTTR)

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