WINTON GROUP Ltd Acquires 747 Shares of Otter Tail Co. (NASDAQ:OTTR)

WINTON GROUP Ltd lifted its holdings in Otter Tail Co. (NASDAQ:OTTR) by 23.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,923 shares of the utilities provider’s stock after acquiring an additional 747 shares during the quarter. WINTON GROUP Ltd’s holdings in Otter Tail were worth $344,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Atticus Wealth Management LLC bought a new stake in shares of Otter Tail in the 2nd quarter worth approximately $33,000. Quadrant Capital Group LLC lifted its holdings in shares of Otter Tail by 32.9% in the 4th quarter. Quadrant Capital Group LLC now owns 590 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 146 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Otter Tail by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 208 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Otter Tail in the 2nd quarter worth approximately $77,000. Finally, Blue Trust Inc. lifted its holdings in shares of Otter Tail by 46.4% in the 2nd quarter. Blue Trust Inc. now owns 1,580 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 501 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors.

Otter Tail Trading Down 1.8 %

Shares of OTTR opened at $78.85 on Thursday. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 10.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.67 and a current ratio of 2.27. Otter Tail Co. has a fifty-two week low of $68.96 and a fifty-two week high of $100.84. The firm has a 50 day moving average price of $87.84 and a 200-day moving average price of $87.00.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, August 5th. The utilities provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.69 by $0.38. Otter Tail had a net margin of 22.84% and a return on equity of 21.06%. The company had revenue of $342.34 million for the quarter, compared to the consensus estimate of $367.71 million. During the same period in the previous year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Otter Tail Co. will post 6.92 earnings per share for the current year.

Otter Tail Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.468 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, August 15th. Otter Tail’s payout ratio is 25.69%.

Insider Buying and Selling

In related news, VP Jennifer O. Smestad sold 4,000 shares of Otter Tail stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total value of $354,960.00. Following the transaction, the vice president now directly owns 12,300 shares of the company’s stock, valued at $1,091,502. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

About Otter Tail

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.