Otter Tail Corporation (NASDAQ:OTTR) CFO Kevin G. Moug sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total value of $62,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Otter Tail Corporation (NASDAQ:OTTR) traded up 0.24% during midday trading on Wednesday, hitting $42.00. The stock had a trading volume of 58,971 shares. Otter Tail Corporation has a 1-year low of $33.08 and a 1-year high of $42.55. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 24.18 and a beta of 0.78. The firm has a 50-day moving average price of $40.26 and a 200-day moving average price of $38.98.

Otter Tail Corporation (NASDAQ:OTTR) last issued its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $212.10 million for the quarter, compared to the consensus estimate of $211.30 million. Otter Tail Corporation had a return on equity of 10.14% and a net margin of 8.35%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. On average, equities analysts anticipate that Otter Tail Corporation will post $1.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Tuesday, August 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, August 11th. Otter Tail Corporation’s dividend payout ratio is currently 74.42%.

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OTTR has been the subject of several analyst reports. Zacks Investment Research downgraded Otter Tail Corporation from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. BidaskClub downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.

Several large investors have recently modified their holdings of OTTR. Public Employees Retirement System of Ohio increased its stake in shares of Otter Tail Corporation by 444.3% in the second quarter. Public Employees Retirement System of Ohio now owns 15,212 shares of the utilities provider’s stock valued at $602,000 after buying an additional 12,417 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Otter Tail Corporation by 9.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock valued at $137,000 after buying an additional 309 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Otter Tail Corporation during the second quarter valued at about $1,320,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Otter Tail Corporation by 5.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,781 shares of the utilities provider’s stock valued at $546,000 after buying an additional 703 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Otter Tail Corporation by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 30,993 shares of the utilities provider’s stock valued at $1,228,000 after buying an additional 1,437 shares in the last quarter. 39.37% of the stock is currently owned by institutional investors.

Otter Tail Corporation Company Profile

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

Insider Buying and Selling by Quarter for Otter Tail Corporation (NASDAQ:OTTR)

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