Kevin G. Moug Sells 800 Shares of Otter Tail Corp. (OTTR) Stock
Otter Tail Corp. (NASDAQ:OTTR) CFO Kevin G. Moug sold 800 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $35.20, for a total value of $28,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Kevin G. Moug also recently made the following trade(s):
- On Tuesday, August 16th, Kevin G. Moug sold 800 shares of Otter Tail Corp. stock. The shares were sold at an average price of $34.07, for a total value of $27,256.00.
Shares of Otter Tail Corp. (NASDAQ:OTTR) opened at 36.75 on Monday. The stock has a 50 day moving average price of $34.74 and a 200 day moving average price of $33.22. Otter Tail Corp. has a 52 week low of $25.20 and a 52 week high of $36.95. The firm has a market cap of $1.44 billion, a PE ratio of 23.68 and a beta of 0.69.
Otter Tail Corp. (NASDAQ:OTTR) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The business had revenue of $197.20 million for the quarter, compared to the consensus estimate of $204 million. Otter Tail Corp. had a net margin of 7.46% and a return on equity of 9.57%. Otter Tail Corp.’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts expect that Otter Tail Corp. will post $1.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, November 10th. Otter Tail Corp.’s dividend payout ratio is 80.65%.
Separately, Zacks Investment Research raised Otter Tail Corp. from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Thursday, October 20th.
A number of large investors have recently bought and sold shares of OTTR. Gabelli Funds LLC raised its stake in Otter Tail Corp. by 0.7% in the second quarter. Gabelli Funds LLC now owns 1,142,251 shares of the company’s stock valued at $38,254,000 after buying an additional 7,500 shares in the last quarter. Symons Capital Management Inc. acquired a new stake in Otter Tail Corp. during the second quarter valued at about $605,000. M&T Bank Corp raised its stake in Otter Tail Corp. by 3.4% in the second quarter. M&T Bank Corp now owns 10,658 shares of the company’s stock valued at $357,000 after buying an additional 350 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in Otter Tail Corp. during the second quarter valued at about $987,000. Finally, Emerald Acquisition Ltd. acquired a new stake in Otter Tail Corp. during the second quarter valued at about $171,000. 37.15% of the stock is owned by institutional investors.
Otter Tail Corp. Company Profile
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.
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