Kevin G. Moug Sells 1,500 Shares of Otter Tail Co. (OTTR) Stock

Otter Tail Co. (NASDAQ:OTTR) CFO Kevin G. Moug sold 1,500 shares of Otter Tail stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $43.48, for a total value of $65,220.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kevin G. Moug also recently made the following trade(s):

  • On Thursday, February 15th, Kevin G. Moug sold 1,500 shares of Otter Tail stock. The shares were sold at an average price of $40.55, for a total value of $60,825.00.

Otter Tail traded up $0.40, reaching $44.00, during mid-day trading on Friday, Marketbeat.com reports. 456 shares of the company traded hands, compared to its average volume of 91,846. The firm has a market capitalization of $1.73 billion, a PE ratio of 23.44 and a beta of 0.63. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.83. Otter Tail Co. has a 52-week low of $43.35 and a 52-week high of $43.70.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings results on Monday, May 7th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.13. The firm had revenue of $241.30 million during the quarter, compared to the consensus estimate of $224.90 million. Otter Tail had a return on equity of 11.57% and a net margin of 9.02%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. equities research analysts anticipate that Otter Tail Co. will post 2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 9th. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.335 per share. The ex-dividend date is Monday, May 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.05%. Otter Tail’s dividend payout ratio (DPR) is presently 72.04%.

OTTR has been the subject of a number of recent analyst reports. BidaskClub lowered Otter Tail from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research lowered Otter Tail from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine raised Otter Tail from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Williams Capital reaffirmed a “hold” rating and set a $42.00 target price (up previously from $41.00) on shares of Otter Tail in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Otter Tail has a consensus rating of “Hold” and a consensus price target of $45.67.

Several institutional investors and hedge funds have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of Otter Tail by 18.6% during the 1st quarter. Aperio Group LLC now owns 8,334 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 1,309 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of Otter Tail by 70.4% during the 1st quarter. Perigon Wealth Management LLC now owns 3,352 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 1,385 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Otter Tail by 3.2% during the 1st quarter. New York State Common Retirement Fund now owns 46,224 shares of the utilities provider’s stock valued at $2,004,000 after acquiring an additional 1,430 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Otter Tail by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 25,529 shares of the utilities provider’s stock valued at $1,135,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in shares of Otter Tail by 28.4% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 8,011 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 1,771 shares during the last quarter. Hedge funds and other institutional investors own 42.41% of the company’s stock.

About Otter Tail

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's 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, Inc markets.

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