Aptus Capital Advisors LLC Increases Stake in Otter Tail Co. (NASDAQ:OTTR)

Aptus Capital Advisors LLC raised its stake in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 79,294 shares of the utilities provider's stock after purchasing an additional 14,539 shares during the period. Aptus Capital Advisors LLC owned 0.19% of Otter Tail worth $5,855,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Asset Planning Inc bought a new stake in shares of Otter Tail during the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of Otter Tail in the third quarter worth about $39,000. Crews Bank & Trust purchased a new stake in shares of Otter Tail during the fourth quarter worth about $81,000. New Age Alpha Advisors LLC bought a new stake in Otter Tail during the 4th quarter valued at approximately $94,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Otter Tail by 28.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider's stock worth $111,000 after purchasing an additional 333 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors.

Otter Tail Price Performance

OTTR traded down $5.51 during trading on Tuesday, reaching $75.50. 473,041 shares of the company traded hands, compared to its average volume of 240,306. Otter Tail Co. has a 12-month low of $71.66 and a 12-month high of $100.84. The firm has a fifty day simple moving average of $79.79 and a 200 day simple moving average of $78.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03. The company has a market cap of $3.16 billion, a P/E ratio of 10.53 and a beta of 0.56.

Otter Tail (NASDAQ:OTTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.53 by $0.09. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. The business had revenue of $337.35 million for the quarter, compared to analysts' expectations of $349.70 million. During the same quarter in the previous year, the company earned $1.77 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Otter Tail Co. will post 5.88 EPS for the current year.

Otter Tail Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, May 15th. Otter Tail's dividend payout ratio is presently 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.