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NASDAQ:OTTR

Otter Tail (OTTR) Stock Price, News & Analysis

$87.50
+1.28 (+1.48%)
(As of 02/26/2024 ET)
Today's Range
$85.56
$87.95
50-Day Range
$80.51
$98.85
52-Week Range
$67.55
$99.49
Volume
288,820 shs
Average Volume
252,435 shs
Market Capitalization
$3.65 billion
P/E Ratio
12.50
Dividend Yield
2.14%
Price Target
$68.00

Otter Tail MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
22.3% Downside
$68.00 Price Target
Short Interest
Bearish
9.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of Otter Tail in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-31.44%
From $5.28 to $3.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.69 out of 5 stars

Utilities Sector

75th out of 87 stocks

Electric Services Industry

36th out of 38 stocks


OTTR stock logo

About Otter Tail Stock (NASDAQ:OTTR)

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe 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. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately residential, commercial, and industrial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components and extruded raw material stock for the recreational vehicle, lawn and garden, agricultural, construction, and industrial and energy equipment end markets. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

OTTR Stock Price History

OTTR Stock News Headlines

OTTR Feb 2024 90.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Otter Tail Full Year 2023 Earnings: EPS Beats Expectations
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
OTTR Jul 2024 100.000 call
OTTR Apr 2024 70.000 call
Otter Tail Raises Dividend 6.9%
Otter Tail Corporation Increases Quarterly Dividend
OTTR Otter Tail Corporation
Otter Tail Corp.
See More Headlines
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Company Calendar

Ex-Dividend for 12/8 Dividend
11/14/2023
Dividend Payable
12/08/2023
Last Earnings
2/13/2024
Ex-Dividend for 3/8 Dividend
2/14/2024
Today
2/26/2024
Dividend Payable
3/08/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
Current Symbol
NASDAQ:OTTR
CUSIP
68964810
Employees
2,655
Year Founded
1907

Price Target and Rating

Average Stock Price Target
$68.00
High Stock Price Target
$68.00
Low Stock Price Target
$68.00
Potential Upside/Downside
-21.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$294.19 million
Pretax Margin
26.94%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$9.40 per share
Book Value
$34.60 per share

Miscellaneous

Free Float
40,835,000
Market Cap
$3.60 billion
Optionable
Optionable
Beta
0.58

Social Links

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Key Executives

  • Mr. Charles S. MacFarlane (Age 59)
    President, CEO & Director
    Comp: $2.93M
  • Ms. Jennifer O. Smestad (Age 53)
    VP, General Counsel & Corporate Secretary
    Comp: $797.63k
  • Mr. Timothy J. Rogelstad (Age 57)
    Senior Vice President of Electric Platform
    Comp: $974.4k
  • Mr. John S. Abbott (Age 65)
    Senior Vice President of Manufacturing Platform
    Comp: $952.36k
  • Mr. Todd R. Wahlund
    VP & CFO
  • Mr. Tyler Nelson
    Vice President of Accounting
  • Beth Osman
    Manager of Investor Relations
  • Ms. Stephanie A. Hoff
    Director of Corporate Communications
  • Mr. Paul L. Knutson
    Vice President of Human Resources














OTTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Otter Tail stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" OTTR shares.
View OTTR analyst ratings
or view top-rated stocks.

What is Otter Tail's stock price target for 2024?

2 Wall Street analysts have issued 1 year price targets for Otter Tail's stock. Their OTTR share price targets range from $68.00 to $68.00. On average, they expect the company's stock price to reach $68.00 in the next year. This suggests that the stock has a possible downside of 22.3%.
View analysts price targets for OTTR
or view top-rated stocks among Wall Street analysts.

How have OTTR shares performed in 2024?

Otter Tail's stock was trading at $84.97 at the start of the year. Since then, OTTR shares have increased by 3.0% and is now trading at $87.50.
View the best growth stocks for 2024 here
.

When is Otter Tail's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our OTTR earnings forecast
.

How were Otter Tail's earnings last quarter?

Otter Tail Co. (NASDAQ:OTTR) announced its quarterly earnings results on Tuesday, February, 13th. The utilities provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.22 by $0.03. The utilities provider earned $314.31 million during the quarter, compared to analysts' expectations of $300.60 million. Otter Tail had a net margin of 21.81% and a trailing twelve-month return on equity of 21.64%. During the same period in the prior year, the firm posted $1.00 EPS.

How often does Otter Tail pay dividends? What is the dividend yield for Otter Tail?

Otter Tail announced a quarterly dividend on Monday, February 5th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.468 per share on Friday, March 8th. This represents a $1.87 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for OTTR
.

Is Otter Tail a good dividend stock?

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.87 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 51.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTTR.

What guidance has Otter Tail issued on next quarter's earnings?

Otter Tail issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 5.130-5.430 for the period, compared to the consensus estimate of 4.080. The company issued revenue guidance of -.

What is Nathan I. Partain's approval rating as Otter Tail's CEO?

9 employees have rated Otter Tail Chief Executive Officer Nathan I. Partain on Glassdoor.com. Nathan I. Partain has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Otter Tail own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Otter Tail investors own include Gilead Sciences (GILD), QUALCOMM (QCOM), AT&T (T), Dominion Energy (D), ONEOK (OKE), Occidental Petroleum (OXY), Pfizer (PFE), Exxon Mobil (XOM), B&G Foods (BGS) and

Who are Otter Tail's major shareholders?

Otter Tail's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.09%), Dimensional Fund Advisors LP (2.46%), First Trust Advisors LP (1.98%), Northern Trust Corp (1.51%), Gabelli Funds LLC (1.35%) and Charles Schwab Investment Management Inc. (1.20%). Insiders that own company stock include John D Erickson and Timothy J O'keefe.
View institutional ownership trends
.

How do I buy shares of Otter Tail?

Shares of OTTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:OTTR) was last updated on 2/26/2024 by MarketBeat.com Staff