LSV Asset Management Sells 12,200 Shares of Otter Tail Co. (NASDAQ:OTTR)

LSV Asset Management decreased its stake in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 183,816 shares of the utilities provider's stock after selling 12,200 shares during the period. LSV Asset Management owned 0.44% of Otter Tail worth $15,619,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its position in shares of Otter Tail by 3.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 28,968 shares of the utilities provider's stock worth $2,461,000 after purchasing an additional 972 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in Otter Tail in the 4th quarter valued at $206,000. State of New Jersey Common Pension Fund D grew its position in Otter Tail by 12.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 33,487 shares of the utilities provider's stock worth $2,845,000 after purchasing an additional 3,666 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Otter Tail by 3.6% during the 4th quarter. Yousif Capital Management LLC now owns 21,370 shares of the utilities provider's stock worth $1,816,000 after purchasing an additional 743 shares during the period. Finally, Financial Perspectives Inc acquired a new position in shares of Otter Tail during the fourth quarter valued at about $88,000. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Performance

Shares of NASDAQ OTTR traded down $0.36 during mid-day trading on Tuesday, hitting $90.30. The company had a trading volume of 444,975 shares, compared to its average volume of 247,839. Otter Tail Co. has a 12 month low of $68.96 and a 12 month high of $99.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36. The firm has a market cap of $3.77 billion, a P/E ratio of 12.90 and a beta of 0.56. The business's 50-day simple moving average is $84.79 and its 200-day simple moving average is $83.54.

Otter Tail (NASDAQ:OTTR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.03. The company had revenue of $314.31 million for the quarter, compared to analyst estimates of $300.60 million. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. During the same quarter last year, the firm earned $1.00 EPS. As a group, analysts predict that Otter Tail Co. will post 5.28 earnings per share for the current fiscal year.

Otter Tail Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.468 dividend. This represents a $1.87 annualized dividend and a yield of 2.07%. The ex-dividend date is Tuesday, May 14th. Otter Tail's dividend payout ratio (DPR) is presently 26.71%.

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.