Otter Tail Corporation (OTTR) VP George A. Koeck Sells 3,000 Shares of Stock
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%.
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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).
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