Otter Tail Corporation (OTTR) CFO Kevin G. Moug Sells 1,500 Shares of Stock

Otter Tail Corporation (NASDAQ:OTTR) CFO Kevin G. Moug sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $69,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Otter Tail Corporation (NASDAQ:OTTR) traded up $0.10 on Friday, reaching $45.95. The company had a trading volume of 53,529 shares, compared to its average volume of 78,260. Otter Tail Corporation has a 12-month low of $35.65 and a 12-month high of $47.45. The firm has a market cap of $1,820.00, a PE ratio of 26.03 and a beta of 0.81. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71.

Otter Tail Corporation (NASDAQ:OTTR) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. Otter Tail Corporation had a return on equity of 10.47% and a net margin of 8.53%. The company had revenue of $216.50 million for the quarter, compared to analysts’ expectations of $201.70 million. During the same period last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities analysts predict that Otter Tail Corporation will post 1.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, November 14th. Otter Tail Corporation’s dividend payout ratio (DPR) is presently 71.11%.

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Several hedge funds have recently modified their holdings of OTTR. UBS Asset Management Americas Inc. increased its position in shares of Otter Tail Corporation by 21.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 13,018 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 2,343 shares during the period. JPMorgan Chase & Co. increased its position in shares of Otter Tail Corporation by 34.1% during the 1st quarter. JPMorgan Chase & Co. now owns 44,282 shares of the utilities provider’s stock valued at $1,678,000 after purchasing an additional 11,259 shares during the period. Teachers Advisors LLC increased its position in shares of Otter Tail Corporation by 0.7% during the 1st quarter. Teachers Advisors LLC now owns 320,421 shares of the utilities provider’s stock valued at $12,144,000 after purchasing an additional 2,319 shares during the period. Vanguard Group Inc. increased its position in shares of Otter Tail Corporation by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,433,149 shares of the utilities provider’s stock valued at $130,116,000 after purchasing an additional 151,826 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Otter Tail Corporation by 6.0% during the 1st quarter. Geode Capital Management LLC now owns 340,021 shares of the utilities provider’s stock valued at $12,886,000 after purchasing an additional 19,380 shares during the period. Institutional investors own 40.45% of the company’s stock.

Several analysts recently commented on the company. KeyCorp restated a “hold” rating on shares of Otter Tail Corporation in a research report on Friday, October 20th. Zacks Investment Research upgraded Otter Tail Corporation from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Otter Tail Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Otter Tail Corporation currently has an average rating of “Hold” and a consensus target price of $44.67.

About Otter Tail Corporation

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

Insider Buying and Selling by Quarter for Otter Tail Corporation (NASDAQ:OTTR)

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