Asset Planning Inc Takes $37,000 Position in Otter Tail Co. (NASDAQ:OTTR)

Asset Planning Inc acquired a new stake in shares of Otter Tail Co. (NASDAQ:OTTR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 500 shares of the utilities provider’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Otter Tail during the 3rd quarter valued at $39,000. Allworth Financial LP increased its holdings 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 last quarter. Crews Bank & Trust bought a new stake in Otter Tail in the 4th quarter valued at $81,000. KBC Group NV increased its holdings in Otter Tail by 27.9% in the 3rd quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 272 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Otter Tail by 28.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 333 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors.

Otter Tail Stock Performance

Otter Tail stock opened at $76.99 on Friday. The company’s 50-day moving average price is $76.64 and its 200-day moving average price is $80.11. Otter Tail Co. has a twelve month low of $71.66 and a twelve month high of $100.84. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. The company has a market cap of $3.22 billion, a PE ratio of 10.63 and a beta of 0.57.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.525 dividend. The ex-dividend date is Friday, February 14th. This is an increase from Otter Tail’s previous quarterly dividend of $0.47. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.73%. Otter Tail’s payout ratio is 25.83%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OTTR shares. StockNews.com upgraded shares of Otter Tail from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Siebert Williams Shank upgraded shares of Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th.

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.