Nisa Investment Advisors LLC Has $111,000 Holdings in Otter Tail Co. (NASDAQ:OTTR)

Nisa Investment Advisors LLC increased its position in shares of Otter Tail Co. (NASDAQ:OTTR) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,502 shares of the utilities provider’s stock after buying an additional 333 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Otter Tail were worth $111,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Hoese & Co LLP acquired a new stake in shares of Otter Tail during the 3rd quarter valued at about $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of Otter Tail in the third quarter valued at about $39,000. Allworth Financial LP lifted its position in shares of Otter Tail by 132.8% during the third quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 312 shares in the last quarter. Quarry LP boosted its position in Otter Tail by 1,811.4% in the 2nd quarter. Quarry LP now owns 669 shares of the utilities provider’s stock valued at $59,000 after buying an additional 634 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Otter Tail by 27.9% in the third quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Trading Up 0.2 %

NASDAQ:OTTR opened at $77.68 on Friday. The business has a 50 day moving average price of $77.10 and a two-hundred day moving average price of $81.25. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. The company has a market cap of $3.25 billion, a P/E ratio of 10.73 and a beta of 0.56. Otter Tail Co. has a twelve month low of $71.66 and a twelve month high of $100.84.

Otter Tail (NASDAQ:OTTR) last released its earnings results on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.06. The business had revenue of $338.03 million for the quarter, compared to the consensus estimate of $362.20 million. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. During the same quarter in the previous year, the business earned $2.19 earnings per share. As a group, analysts expect that Otter Tail Co. will post 7.13 EPS for the current fiscal year.

Otter Tail Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.468 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.41%. Otter Tail’s payout ratio is 25.83%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com raised shares of Otter Tail from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Siebert Williams Shank raised Otter Tail from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

Otter Tail 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.