New York State Common Retirement Fund Has $4.12 Million Stock Position in Otter Tail Co. (NASDAQ:OTTR)

New York State Common Retirement Fund grew its stake in shares of Otter Tail Co. (NASDAQ:OTTR) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,433 shares of the utilities provider’s stock after acquiring an additional 163 shares during the period. New York State Common Retirement Fund’s holdings in Otter Tail were worth $4,115,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OTTR. International Assets Investment Management LLC boosted its holdings in Otter Tail by 8,231.5% in the 4th quarter. International Assets Investment Management LLC now owns 187,958 shares of the utilities provider’s stock valued at $15,971,000 after purchasing an additional 185,702 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Otter Tail by 32.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 545,488 shares of the utilities provider’s stock worth $41,413,000 after buying an additional 132,162 shares in the last quarter. Federated Hermes Inc. grew its position in Otter Tail by 82.8% during the fourth quarter. Federated Hermes Inc. now owns 143,231 shares of the utilities provider’s stock worth $12,170,000 after buying an additional 64,876 shares in the last quarter. OneAscent Financial Services LLC bought a new position in Otter Tail during the 4th quarter worth $3,127,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Otter Tail in the 3rd quarter valued at $1,890,000. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Performance

OTTR opened at $87.82 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 1.84. Otter Tail Co. has a 52-week low of $68.96 and a 52-week high of $99.49. The firm has a market cap of $3.66 billion, a P/E ratio of 12.55 and a beta of 0.56. The business’s fifty day moving average is $84.67 and its 200-day moving average is $83.26.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. The firm had revenue of $314.31 million for the quarter, compared to the consensus estimate of $300.60 million. Otter Tail had a net margin of 21.81% and a return on equity of 21.64%. During the same period in the prior year, the company posted $1.00 earnings per share. Sell-side analysts expect that Otter Tail Co. will post 5.28 EPS for the current fiscal year.

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.