Dimensional Fund Advisors LP Sells 44,388 Shares of Otter Tail Co. (NASDAQ:OTTR)

Dimensional Fund Advisors LP decreased its stake in shares of Otter Tail Co. (NASDAQ:OTTR - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 968,839 shares of the utilities provider's stock after selling 44,388 shares during the quarter. Dimensional Fund Advisors LP owned about 2.32% of Otter Tail worth $71,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OTTR. NewEdge Advisors LLC raised its position in Otter Tail by 63.1% during the fourth quarter. NewEdge Advisors LLC now owns 17,191 shares of the utilities provider's stock worth $1,269,000 after acquiring an additional 6,649 shares in the last quarter. Lifelong Wealth Advisors Inc. acquired a new position in shares of Otter Tail during the 4th quarter worth about $234,000. Gamco Investors INC. ET AL raised its holdings in shares of Otter Tail by 3.9% in the 4th 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 period. Mariner LLC lifted its stake in Otter Tail by 370.5% in the 4th quarter. Mariner LLC now owns 27,851 shares of the utilities provider's stock valued at $2,057,000 after purchasing an additional 21,932 shares during the last quarter. Finally, Barclays PLC grew its holdings in Otter Tail by 7.4% during the fourth quarter. Barclays PLC now owns 75,764 shares of the utilities provider's stock worth $5,595,000 after purchasing an additional 5,211 shares during the period. Institutional investors own 61.32% of the company's stock.

Otter Tail Stock Performance

NASDAQ:OTTR traded down $5.79 on Tuesday, hitting $75.22. The company's stock had a trading volume of 71,678 shares, compared to its average volume of 238,955. Otter Tail Co. has a one year low of $71.66 and a one year high of $100.84. The firm has a market capitalization of $3.15 billion, a P/E ratio of 10.52 and a beta of 0.56. The stock has a fifty day moving average of $79.79 and a two-hundred day moving average of $78.77. 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 (NASDAQ:OTTR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.09. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. 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 prior year, the business earned $1.77 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts predict that Otter Tail Co. will post 5.88 earnings per share for the current year.

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.