Otter Tail Co. (NASDAQ:OTTR) has earned a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating. Otter Tail’s rating score has declined by 28.8% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $44.00 for the company, according to Zacks. Zacks has also given Otter Tail an industry rank of 203 out of 265 based on the ratings given to related companies.
OTTR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Otter Tail from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, January 25th. BidaskClub downgraded shares of Otter Tail from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Williams Capital reiterated a “hold” rating and set a $42.00 price objective (up from $41.00) on shares of Otter Tail in a research note on Thursday, February 15th. Finally, Sidoti downgraded shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research note on Monday, January 8th.
In other Otter Tail news, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $40.55, for a total transaction of $60,825.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of OTTR. Millennium Management LLC lifted its position in shares of Otter Tail by 72.2% in the 4th quarter. Millennium Management LLC now owns 290,465 shares of the utilities provider’s stock worth $12,911,000 after buying an additional 121,745 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Otter Tail in the 4th quarter worth about $3,355,000. Vanguard Group Inc. lifted its position in shares of Otter Tail by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,507,682 shares of the utilities provider’s stock worth $138,904,000 after buying an additional 74,533 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Otter Tail by 9.5% in the 4th quarter. Renaissance Technologies LLC now owns 692,800 shares of the utilities provider’s stock worth $30,795,000 after buying an additional 60,390 shares during the last quarter. Finally, 361 Capital LLC bought a new position in shares of Otter Tail in the 3rd quarter worth about $2,038,000. Institutional investors own 41.58% of the company’s stock.
Otter Tail (OTTR) traded up $0.50 on Friday, reaching $42.05. 121,800 shares of the company were exchanged, compared to its average volume of 105,667. Otter Tail has a 1-year low of $35.65 and a 1-year high of $48.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. The firm has a market cap of $1,650.00, a price-to-earnings ratio of 22.98 and a beta of 0.71.
Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, February 12th. The utilities provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. Otter Tail had a net margin of 8.53% and a return on equity of 10.77%. The firm had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.30 million. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. analysts forecast that Otter Tail will post 1.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.19%. This is an increase from Otter Tail’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, February 14th. Otter Tail’s dividend payout ratio is 74.03%.
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Otter Tail 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).
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