WINTON GROUP Ltd Purchases 258 Shares of Otter Tail Co. (NASDAQ:OTTR)

WINTON GROUP Ltd grew its position in shares of Otter Tail Co. (NASDAQ:OTTRGet Rating) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,762 shares of the utilities provider’s stock after buying an additional 258 shares during the quarter. WINTON GROUP Ltd’s holdings in Otter Tail were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of OTTR. Vanguard Group Inc. lifted its position in shares of Otter Tail by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 4,441,104 shares of the utilities provider’s stock worth $277,569,000 after buying an additional 92,114 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Otter Tail during the 1st quarter worth approximately $4,741,000. Renaissance Technologies LLC lifted its position in shares of Otter Tail by 31.1% during the 1st quarter. Renaissance Technologies LLC now owns 252,814 shares of the utilities provider’s stock worth $15,801,000 after buying an additional 59,910 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Otter Tail by 11.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 460,042 shares of the utilities provider’s stock worth $28,753,000 after buying an additional 47,064 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Otter Tail by 4.7% in the 1st quarter. First Trust Advisors LP now owns 996,956 shares of the utilities provider’s stock worth $62,310,000 after purchasing an additional 44,571 shares during the period. Institutional investors own 48.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Siebert Williams Shank cut shares of Otter Tail from a “hold” rating to a “sell” rating and lifted their price target for the stock from $62.00 to $64.00 in a report on Wednesday, August 3rd. StockNews.com cut shares of Otter Tail from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Finally, Maxim Group lowered their price target on shares of Otter Tail from $95.00 to $75.00 in a report on Wednesday, November 2nd.

Otter Tail Stock Up 2.2 %

Otter Tail stock opened at $55.97 on Monday. Otter Tail Co. has a 1-year low of $52.60 and a 1-year high of $82.46. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 7.98 and a beta of 0.54. The company has a current ratio of 1.90, a quick ratio of 1.30 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $63.08 and a 200 day simple moving average of $67.16.

Otter Tail Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 15th will be paid a $0.412 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.65 dividend on an annualized basis and a yield of 2.94%. Otter Tail’s dividend payout ratio is 23.54%.

Otter Tail Profile

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Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's 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, Inc markets.

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Institutional Ownership by Quarter for Otter Tail (NASDAQ:OTTR)

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