Lifelong Wealth Advisors Inc. Makes New $234,000 Investment in Otter Tail Co. (NASDAQ:OTTR)

Lifelong Wealth Advisors Inc. purchased a new position in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,164 shares of the utilities provider's stock, valued at approximately $234,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Otter Tail by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,275,068 shares of the utilities provider's stock valued at $389,511,000 after purchasing an additional 43,186 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Otter Tail by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 536,545 shares of the utilities provider's stock valued at $39,618,000 after buying an additional 27,415 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Otter Tail by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 405,146 shares of the utilities provider's stock worth $29,916,000 after buying an additional 8,993 shares in the last quarter. Invesco Ltd. increased its position in Otter Tail by 49.6% in the 4th quarter. Invesco Ltd. now owns 291,344 shares of the utilities provider's stock valued at $21,513,000 after acquiring an additional 96,573 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Otter Tail by 3.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 273,692 shares of the utilities provider's stock valued at $20,209,000 after purchasing an additional 10,250 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors.

Otter Tail Trading Down 1.2 %

Otter Tail stock traded down $0.97 during mid-day trading on Monday, hitting $77.99. The stock had a trading volume of 35,340 shares, compared to its average volume of 235,465. The stock has a 50-day simple moving average of $80.07 and a two-hundred day simple moving average of $78.63. The company has a current ratio of 2.03, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.27 billion, a PE ratio of 10.88 and a beta of 0.49. Otter Tail Co. has a 12 month low of $71.66 and a 12 month high of $100.84.

Otter Tail (NASDAQ:OTTR - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The utilities provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.04. The business had revenue of $303.11 million during the quarter, compared to analysts' expectations of $314.75 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. As a group, sell-side analysts forecast that Otter Tail Co. will post 5.88 EPS for the current year.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Otter Tail's previous quarterly dividend of $0.47. This represents a $2.10 annualized dividend and a yield of 2.69%. Otter Tail's payout ratio is currently 29.29%.

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.