Hancock Whitney Corp Has $387,000 Stock Position in Otter Tail Co. (NASDAQ:OTTR)

Hancock Whitney Corp grew its stake in Otter Tail Co. (NASDAQ:OTTR) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,946 shares of the utilities provider’s stock after buying an additional 139 shares during the quarter. Hancock Whitney Corp’s holdings in Otter Tail were worth $387,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its stake in Otter Tail by 28.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,119 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 697 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Otter Tail by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,534 shares of the utilities provider’s stock worth $2,552,000 after buying an additional 1,511 shares in the last quarter. Janus Henderson Group PLC raised its position in Otter Tail by 45.2% in the 1st quarter. Janus Henderson Group PLC now owns 29,765 shares of the utilities provider’s stock valued at $2,572,000 after buying an additional 9,270 shares during the last quarter. Jane Street Group LLC lifted its stake in Otter Tail by 57.2% in the 1st quarter. Jane Street Group LLC now owns 64,615 shares of the utilities provider’s stock valued at $5,583,000 after acquiring an additional 23,514 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Otter Tail by 320.5% during the 1st quarter. Tidal Investments LLC now owns 16,879 shares of the utilities provider’s stock worth $1,458,000 after acquiring an additional 12,865 shares during the last quarter. Institutional investors own 61.32% of the company’s stock.

Analyst Ratings Changes

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

Otter Tail Stock Performance

Shares of NASDAQ OTTR opened at $80.88 on Thursday. 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 has a 50 day moving average price of $79.02 and a 200 day moving average price of $84.93. The stock has a market capitalization of $3.38 billion, a PE ratio of 11.17 and a beta of 0.52. Otter Tail Co. has a 52 week low of $73.43 and a 52 week high of $100.84.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.97 by $0.06. The company had revenue of $338.03 million during the quarter, compared to the consensus estimate of $362.20 million. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. During the same quarter in the prior year, the firm posted $2.19 EPS. Analysts predict that Otter Tail Co. will post 7.01 earnings per share for the current fiscal year.

Otter Tail Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.468 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.87 annualized dividend and a dividend yield of 2.31%. Otter Tail’s dividend payout ratio is presently 25.83%.

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.