EntryPoint Capital LLC Has $260,000 Stock Holdings in Otter Tail Co. (NASDAQ:OTTR)

EntryPoint Capital LLC decreased its holdings in shares of Otter Tail Co. (NASDAQ:OTTR) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,520 shares of the utilities provider’s stock after selling 1,787 shares during the quarter. EntryPoint Capital LLC’s holdings in Otter Tail were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OTTR. Vanguard Group Inc. boosted its holdings in Otter Tail by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,275,068 shares of the utilities provider’s stock worth $389,511,000 after purchasing an additional 43,186 shares in the last quarter. State Street Corp boosted its stake in shares of Otter Tail by 1.1% during the 3rd quarter. State Street Corp now owns 1,598,531 shares of the utilities provider’s stock worth $124,941,000 after acquiring an additional 18,109 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Otter Tail by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 536,545 shares of the utilities provider’s stock worth $39,618,000 after acquiring an additional 27,415 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Otter Tail by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 405,146 shares of the utilities provider’s stock valued at $29,916,000 after acquiring an additional 8,993 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Otter Tail by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 225,987 shares of the utilities provider’s stock valued at $16,687,000 after acquiring an additional 9,088 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Up 0.2 %

Shares of Otter Tail stock opened at $80.73 on Friday. Otter Tail Co. has a 12-month low of $71.66 and a 12-month high of $100.84. The stock has a market capitalization of $3.38 billion, a P/E ratio of 11.26 and a beta of 0.53. The company has a quick ratio of 1.66, a current ratio of 2.03 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $79.97 and a two-hundred day moving average price of $78.60.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Monday, February 17th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $303.11 million for the quarter, compared to analyst estimates of $314.75 million. Otter Tail had a net margin of 22.67% and a return on equity of 18.96%. Equities analysts expect that Otter Tail Co. will post 5.88 earnings per share for the current year.

Otter Tail Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.525 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Otter Tail’s previous quarterly dividend of $0.47. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.60%. Otter Tail’s payout ratio is presently 29.29%.

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.