Otter Tail Corp. (NASDAQ:OTTR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.99 and last traded at $33.86, with a volume of 63,375 shares. The stock had previously closed at $33.67.

Separately, Zacks Investment Research upgraded shares of Otter Tail Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 13th.

The stock has a 50-day moving average of $31.70 and a 200 day moving average of $28.97. The stock has a market cap of $1.29 billion and a PE ratio of 22.84.

Otter Tail Corp. (NASDAQ:OTTR) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. The company had revenue of $206.20 million for the quarter, compared to the consensus estimate of $207.70 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that Otter Tail Corp. will post $1.55 EPS for the current fiscal year.

Other hedge funds and institutional investors recently made changes to their positions in the company. Rhumbline Advisers increased its position in Otter Tail Corp. by 1.0% in the fourth quarter. Rhumbline Advisers now owns 55,435 shares of the company’s stock valued at $1,476,000 after buying an additional 535 shares during the last quarter. California State Teachers Retirement System increased its position in Otter Tail Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 69,506 shares of the company’s stock valued at $1,851,000 after buying an additional 1,246 shares during the last quarter. Morgan Stanley increased its position in Otter Tail Corp. by 1.0% in the fourth quarter. Morgan Stanley now owns 96,445 shares of the company’s stock valued at $2,567,000 after buying an additional 923 shares during the last quarter. California Public Employees Retirement System increased its position in Otter Tail Corp. by 12.8% in the fourth quarter. California Public Employees Retirement System now owns 151,800 shares of the company’s stock valued at $4,042,000 after buying an additional 17,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Otter Tail Corp. by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 980,986 shares of the company’s stock valued at $26,124,000 after buying an additional 17,250 shares during the last quarter.

Otter Tail Corporation is a holding company. The Company, through its subsidiaries, operates through three segments: Electric, Manufacturing and Plastics. The Company’s subsidiaries own facilities and equipment used in the manufacture of producing polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.