Otter Tail (NASDAQ:OTTR) Sets New 12-Month Low – Time to Sell?

Otter Tail Co. (NASDAQ:OTTR)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $73.43 and last traded at $76.09, with a volume of 23401 shares changing hands. The stock had previously closed at $78.53.

Otter Tail Stock Up 0.4 %

The firm has a market cap of $3.30 billion, a P/E ratio of 10.61 and a beta of 0.52. The firm’s 50 day moving average is $78.84 and its two-hundred day moving average is $85.71. The company has a current ratio of 2.27, a quick ratio of 1.67 and a debt-to-equity ratio of 0.60.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.06. Otter Tail had a return on equity of 21.06% and a net margin of 22.84%. The firm had revenue of $338.03 million for the quarter, compared to the consensus estimate of $362.20 million. During the same quarter last year, the business posted $2.19 EPS. As a group, research analysts anticipate that Otter Tail Co. will post 7.01 EPS for the current fiscal year.

Insider Activity

In related news, VP Jennifer O. Smestad sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $88.74, for a total transaction of $354,960.00. Following the completion of the transaction, the vice president now directly owns 12,300 shares of the company’s stock, valued at approximately $1,091,502. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OTTR. Atticus Wealth Management LLC bought a new position in Otter Tail during the 2nd quarter worth $33,000. Hoese & Co LLP acquired a new stake in shares of Otter Tail during the third quarter valued at about $39,000. Allworth Financial LP increased its position in Otter Tail by 132.8% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 312 shares during the period. GAMMA Investing LLC lifted its holdings in Otter Tail by 46.3% in the second quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock valued at $58,000 after buying an additional 208 shares during the period. Finally, Quarry LP grew its holdings in Otter Tail by 1,811.4% during the 2nd quarter. Quarry LP now owns 669 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 634 shares during the period. Institutional investors and hedge funds own 61.32% of the company’s stock.

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.