Affinity Investment Advisors LLC Sells 4,380 Shares of Otter Tail Co. (NASDAQ:OTTR)

Affinity Investment Advisors LLC lowered its holdings in shares of Otter Tail Co. (NASDAQ:OTTR) by 45.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,362 shares of the utilities provider’s stock after selling 4,380 shares during the period. Affinity Investment Advisors LLC’s holdings in Otter Tail were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Otter Tail by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the utilities provider’s stock worth $87,230,000 after acquiring an additional 3,218 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Otter Tail by 32.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 545,488 shares of the utilities provider’s stock worth $41,413,000 after buying an additional 132,162 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Otter Tail by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 508,849 shares of the utilities provider’s stock worth $38,632,000 after buying an additional 11,061 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Otter Tail by 8,231.5% in the fourth quarter. International Assets Investment Management LLC now owns 187,958 shares of the utilities provider’s stock worth $15,971,000 after buying an additional 185,702 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Otter Tail by 82.8% in the fourth quarter. Federated Hermes Inc. now owns 143,231 shares of the utilities provider’s stock worth $12,170,000 after buying an additional 64,876 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Stock Down 0.2 %

Shares of NASDAQ OTTR traded down $0.21 during midday trading on Wednesday, hitting $91.86. The stock had a trading volume of 24,667 shares, compared to its average volume of 233,599. The business’s 50 day moving average is $85.90 and its 200-day moving average is $84.80. The company has a market cap of $3.84 billion, a P/E ratio of 12.61 and a beta of 0.56. Otter Tail Co. has a 52 week low of $68.96 and a 52 week high of $99.49. The company has a quick ratio of 2.21, a current ratio of 2.92 and a debt-to-equity ratio of 0.63.

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.468 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.87 annualized dividend and a dividend yield of 2.04%. Otter Tail’s payout ratio is 25.69%.

Otter Tail 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.