First Trust Direct Indexing L.P. Invests $206,000 in Otter Tail Co. (NASDAQ:OTTR)

First Trust Direct Indexing L.P. purchased a new position in shares of Otter Tail Co. (NASDAQ:OTTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,430 shares of the utilities provider’s stock, valued at approximately $206,000.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Otter Tail by 8,231.5% during the fourth 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. lifted its stake in Otter Tail by 32.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 545,488 shares of the utilities provider’s stock valued at $41,413,000 after buying an additional 132,162 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Otter Tail by 10.7% in the third quarter. Rhumbline Advisers now owns 116,001 shares of the utilities provider’s stock worth $8,807,000 after purchasing an additional 11,173 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Otter Tail in the third quarter worth $698,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Otter Tail in the third quarter worth $456,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Stock Performance

NASDAQ OTTR opened at $92.73 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 firm’s fifty day moving average price is $84.86 and its two-hundred day moving average price is $83.60. Otter Tail Co. has a 1 year low of $68.96 and a 1 year high of $99.49. The firm has a market capitalization of $3.87 billion, a P/E ratio of 13.25 and a beta of 0.56.

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

Otter Tail Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.468 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.87 annualized dividend and a dividend yield of 2.02%. Otter Tail’s dividend payout ratio is currently 26.71%.

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.