Dimensional Fund Advisors LP boosted its stake in shares of Otter Tail Co. (NASDAQ:OTTR – Get Rating) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,038,034 shares of the utilities provider’s stock after acquiring an additional 2,170 shares during the quarter. Dimensional Fund Advisors LP owned 2.49% of Otter Tail worth $60,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of OTTR. Ronald Blue Trust Inc. boosted its stake in shares of Otter Tail by 47.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 538 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 173 shares during the period. Fiduciary Alliance LLC bought a new stake in Otter Tail in the 4th quarter worth $51,000. Armstrong Advisory Group Inc. purchased a new position in shares of Otter Tail in the fourth quarter valued at about $59,000. Affiance Financial LLC purchased a new stake in shares of Otter Tail during the fourth quarter worth about $75,000. Finally, Shell Asset Management Co. bought a new stake in shares of Otter Tail in the third quarter worth about $95,000. 49.01% of the stock is owned by hedge funds and other institutional investors.
Otter Tail Stock Down 0.2 %
Shares of NASDAQ:OTTR opened at $74.79 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.18 and a current ratio of 1.73. Otter Tail Co. has a 52-week low of $52.60 and a 52-week high of $82.46. The firm has a market capitalization of $3.12 billion, a P/E ratio of 11.42 and a beta of 0.52. The stock has a 50 day moving average price of $73.80 and a 200-day moving average price of $66.26.
Otter Tail Dividend Announcement
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. StockNews.com began coverage on Otter Tail in a report on Thursday, May 18th. They issued a “hold” rating for the company. Siebert Williams Shank lowered Otter Tail from a “hold” rating to a “sell” rating and set a $68.00 price target for the company. in a research note on Wednesday, May 3rd. Finally, Maxim Group downgraded shares of Otter Tail from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd.
Otter Tail Profile
Otter Tail Corp. is a holding company engaged in the energy, infrastructure, and production businesses. It operates through the following segments: Electric, Manufacturing, and Plastics. The Electric segment is involved in the generation, purchase, transmission, distribution, and sale of electric energy in western Minnesota, eastern North Dakota, and northeastern South Dakota.
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