Nisa Investment Advisors LLC Has $449,000 Holdings in Otter Tail Co. (NASDAQ:OTTR)

Nisa Investment Advisors LLC boosted its stake in Otter Tail Co. (NASDAQ:OTTR) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,290 shares of the utilities provider’s stock after purchasing an additional 1,705 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Otter Tail were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OTTR. Russell Investments Group Ltd. acquired a new position in Otter Tail in the first quarter valued at about $28,000. Chilton Capital Management LLC acquired a new position in Otter Tail in the first quarter valued at about $31,000. Advisors Asset Management Inc. acquired a new position in Otter Tail in the first quarter valued at about $45,000. Ronald Blue Trust Inc. raised its stake in Otter Tail by 70.6% during the third quarter. Ronald Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 278 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Otter Tail during the third quarter worth about $58,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Stock Down 1.2 %

Shares of NASDAQ OTTR opened at $82.13 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.36 and a debt-to-equity ratio of 0.57. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 11.73 and a beta of 0.56. Otter Tail Co. has a 12 month low of $68.96 and a 12 month high of $99.49. The stock has a 50-day moving average price of $86.23 and a two-hundred day moving average price of $82.32.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. The firm had revenue of $314.31 million during the quarter, compared to the consensus estimate of $300.60 million. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, analysts forecast that Otter Tail Co. will post 5.28 earnings per share for the current fiscal year.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.468 per share. This is an increase from Otter Tail’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.87 annualized dividend and a yield of 2.28%. Otter Tail’s payout ratio is presently 26.71%.

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.