Marshall Wace LLP Cuts Holdings in Otter Tail Co. (NASDAQ:OTTR)

Marshall Wace LLP reduced its position in Otter Tail Co. (NASDAQ:OTTR - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,855 shares of the utilities provider's stock after selling 19,104 shares during the quarter. Marshall Wace LLP owned approximately 0.21% of Otter Tail worth $6,413,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Private Advisor Group LLC grew its stake in shares of Otter Tail by 2.8% in the 4th quarter. Private Advisor Group LLC now owns 4,826 shares of the utilities provider's stock valued at $356,000 after buying an additional 131 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Otter Tail by 5.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,328 shares of the utilities provider's stock worth $320,000 after acquiring an additional 207 shares in the last quarter. Xponance Inc. grew its stake in Otter Tail by 9.1% in the fourth quarter. Xponance Inc. now owns 2,946 shares of the utilities provider's stock valued at $218,000 after acquiring an additional 246 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Otter Tail by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 6,958 shares of the utilities provider's stock valued at $514,000 after acquiring an additional 253 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Otter Tail by 7.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,672 shares of the utilities provider's stock worth $271,000 after purchasing an additional 256 shares during the period. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Down 0.0 %

NASDAQ OTTR traded down $0.03 during mid-day trading on Tuesday, hitting $77.97. The company's stock had a trading volume of 21,504 shares, compared to its average volume of 262,453. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 10.87 and a beta of 0.49. The company's 50 day simple moving average is $79.93 and its 200 day simple moving average is $78.73. The company has a current ratio of 2.03, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57. Otter Tail Co. has a twelve month low of $71.66 and a twelve month high of $100.84.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its earnings results on Monday, February 17th. The utilities provider reported $1.30 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 company had revenue of $303.11 million during the quarter, compared to the consensus estimate of $314.75 million. Analysts anticipate that Otter Tail Co. will post 5.88 earnings per share for the current year.

Otter Tail Increases Dividend

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