Jackson Creek Investment Advisors LLC Lowers Stock Holdings in Otter Tail Co. (NASDAQ:OTTR)

Jackson Creek Investment Advisors LLC cut its stake in shares of Otter Tail Co. (NASDAQ:OTTR) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,674 shares of the utilities provider’s stock after selling 459 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Otter Tail were worth $1,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OTTR. Asset Planning Inc bought a new stake in Otter Tail during the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Otter Tail in the third quarter valued at about $39,000. Crews Bank & Trust purchased a new stake in Otter Tail in the fourth quarter worth about $81,000. KBC Group NV lifted its stake in Otter Tail by 27.9% in the third quarter. KBC Group NV now owns 1,248 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 272 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Otter Tail by 28.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,502 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 333 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Trading Up 1.4 %

Shares of NASDAQ:OTTR opened at $81.19 on Friday. The company has a market capitalization of $3.40 billion, a PE ratio of 11.32 and a beta of 0.53. 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 12-month low of $71.66 and a 12-month high of $100.84. The business’s fifty day simple moving average is $77.94 and its 200-day simple moving average is $78.87.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $303.11 million for the quarter, compared to analysts’ expectations of $314.75 million. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. As a group, equities research analysts predict that Otter Tail Co. will post 5.88 earnings per share for the current fiscal year.

Otter Tail Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.525 per share. 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 2.59%. Otter Tail’s dividend payout ratio is presently 29.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

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.