Entropy Technologies LP Grows Position in Otter Tail Co. (NASDAQ:OTTR)

Entropy Technologies LP raised its holdings in Otter Tail Co. (NASDAQ:OTTR) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,850 shares of the utilities provider’s stock after acquiring an additional 1,300 shares during the quarter. Entropy Technologies LP’s holdings in Otter Tail were worth $727,000 as of its most recent filing with the SEC.

Other institutional 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 valued at about $6,484,000. International Assets Investment Management LLC increased its holdings in 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 in the last quarter. Barclays PLC lifted its position in shares of Otter Tail by 359.8% during the 3rd quarter. Barclays PLC now owns 70,553 shares of the utilities provider’s stock valued at $5,514,000 after acquiring an additional 55,210 shares during the period. Buck Wealth Strategies LLC purchased a new stake in shares of Otter Tail during the 4th quarter worth approximately $3,982,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Otter Tail in the 3rd quarter worth approximately $2,947,000. 61.32% of the stock is currently owned by hedge funds and other institutional investors.

Otter Tail Stock Performance

Shares of OTTR opened at $79.92 on Wednesday. Otter Tail Co. has a 12-month low of $71.66 and a 12-month high of $100.84. The stock has a market cap of $3.34 billion, a P/E ratio of 11.04 and a beta of 0.57. The company has a current ratio of 2.17, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $76.60 and a two-hundred day moving average of $80.25.

Otter Tail Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.525 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.10 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Otter Tail’s previous quarterly dividend of $0.47. Otter Tail’s dividend payout ratio is presently 25.83%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OTTR shares. StockNews.com raised Otter Tail from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Siebert Williams Shank raised Otter Tail from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.