Fuller & Thaler Asset Management Inc. Has $11.41 Million Holdings in Otter Tail Co. (NASDAQ:OTTR)

Fuller & Thaler Asset Management Inc. lessened its holdings in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 154,562 shares of the utilities provider's stock after selling 21,180 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.37% of Otter Tail worth $11,413,000 as of its most recent filing with the SEC.

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

Otter Tail Stock Performance

Shares of NASDAQ:OTTR traded down $0.24 on Wednesday, hitting $78.45. The company had a trading volume of 58,660 shares, compared to its average volume of 236,967. 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 50 day moving average price of $79.87 and a 200 day moving average price of $78.73. Otter Tail Co. has a 1-year low of $71.66 and a 1-year high of $100.84. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 10.94 and a beta of 0.49.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.04. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. The business had revenue of $303.11 million for the quarter, compared to analyst estimates of $314.75 million. Analysts expect that Otter Tail Co. will post 5.88 EPS for the current year.

Otter Tail Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.68%. This is a positive change from Otter Tail's previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 14th. Otter Tail's dividend payout ratio (DPR) is presently 29.29%.

Otter Tail Company 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.