Otter Tail Co. (NASDAQ:OTTR) Stock Position Cut by RBA Wealth Management LLC

RBA Wealth Management LLC decreased its holdings in shares of Otter Tail Co. (NASDAQ:OTTR) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,526 shares of the utilities provider’s stock after selling 580 shares during the period. RBA Wealth Management LLC’s holdings in Otter Tail were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Otter Tail in the third quarter worth $6,484,000. International Assets Investment Management LLC raised its holdings in shares of Otter Tail by 3,339.9% in the third quarter. International Assets Investment Management LLC now owns 76,434 shares of the utilities provider’s stock valued at $5,974,000 after buying an additional 74,212 shares during the last quarter. Barclays PLC raised its holdings in shares of Otter Tail by 359.8% in the third quarter. Barclays PLC now owns 70,553 shares of the utilities provider’s stock valued at $5,514,000 after buying an additional 55,210 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Otter Tail in the third quarter valued at about $2,947,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Otter Tail by 100.1% in the third quarter. Victory Capital Management Inc. now owns 71,518 shares of the utilities provider’s stock valued at $5,590,000 after buying an additional 35,783 shares during the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Trading Down 1.1 %

NASDAQ OTTR opened at $76.17 on Tuesday. Otter Tail Co. has a 52 week low of $71.66 and a 52 week high of $100.84. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.52 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.17. The stock’s 50 day moving average price is $76.97 and its two-hundred day moving average price is $80.96.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.06. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. The company had revenue of $338.03 million for the quarter, compared to analysts’ expectations of $362.20 million. During the same quarter in the prior year, the business posted $2.19 EPS. As a group, analysts anticipate that Otter Tail Co. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OTTR has been the subject of a number of research reports. StockNews.com upgraded Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Siebert Williams Shank upgraded Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th.

About Otter Tail

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.