Otter Tail SVP George A. Koeck Unloads 2,000 Shares (OTTR)
Otter Tail (NASDAQ:OTTR) SVP George A. Koeck sold 2,000 shares of Otter Tail stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $28.34, for a total value of $56,680.00. Following the sale, the senior vice president now directly owns 9,506 shares of the company’s stock, valued at approximately $269,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Otter Tail (NASDAQ:OTTR) traded down 0.49% during mid-day trading on Friday, hitting $28.36. The stock had a trading volume of 37,518 shares. Otter Tail has a 52 week low of $25.84 and a 52 week high of $31.72. The stock’s 50-day moving average is $28.55 and its 200-day moving average is $29.24. The company has a market cap of $1.039 billion and a P/E ratio of 17.46.
Otter Tail (NASDAQ:OTTR) last announced its earnings results on Monday, August 4th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $234.61 million for the quarter, compared to the consensus estimate of $221.20 million. During the same quarter last year, the company posted $0.21 earnings per share. Otter Tail’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Otter Tail will post $1.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, August 13th.
Otter Tail Corporation is a holding company operating through its subsidiaries. It operates in five segments.
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