S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
NASDAQ:OTTR

Otter Tail (OTTR) Stock Forecast, Price & News

$74.42
+0.54 (+0.73%)
(As of 10/3/2023 ET)
Compare
Today's Range
$73.06
$74.89
50-Day Range
$73.88
$92.48
52-Week Range
$52.60
$92.74
Volume
228,676 shs
Average Volume
272,169 shs
Market Capitalization
$3.10 billion
P/E Ratio
11.54
Dividend Yield
2.35%
Price Target
$71.50

Otter Tail MarketRank™ Forecast

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
3.9% Downside
$71.50 Price Target
Short Interest
Bearish
9.75% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Otter Tail in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-29.53%
From $5.79 to $4.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.54 out of 5 stars

Utilities Sector

82nd out of 86 stocks

Electric Services Industry

38th out of 38 stocks


OTTR stock logo

About Otter Tail (NASDAQ:OTTR) Stock

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 Price History

OTTR Stock News Headlines

Biden's Digital Dollar Nightmare
On July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
ATV crash reported in Otter Tail County
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Otter Tail County bull attack ends in death
Maxim Group Reaffirms Their Hold Rating on Otter Tail (OTTR)
Otter Tail declares $0.4375 dividend
Otter Tail's Q2: A Whisker Away From Perfection
Q2 2023 Otter Tail Corp Earnings Call
Otter Tail (OTTR) Surpasses Q2 Earnings Estimates
See More Headlines
Receive OTTR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Otter Tail and its competitors with MarketBeat's FREE daily newsletter.

OTTR Company Calendar

Last Earnings
7/31/2023
Ex-Dividend for 9/8 Dividend
8/14/2023
Dividend Payable
9/08/2023
Today
10/04/2023
Next Earnings (Estimated)
10/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
Current Symbol
NASDAQ:OTTR
CUSIP
68964810
Employees
2,422
Year Founded
1907

Price Target and Rating

Average Stock Price Forecast
$71.50
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
-3.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$284.18 million
Pretax Margin
24.51%

Debt

Sales & Book Value

Annual Sales
$1.46 billion
Cash Flow
$8.87 per share
Book Value
$29.24 per share

Miscellaneous

Free Float
40,835,000
Market Cap
$3.10 billion
Optionable
Optionable
Beta
0.54

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

  • Mr. Charles S. MacFarlane (Age 58)
    Pres, CEO & Director
    Comp: $2.93M
  • Mr. Kevin G. Moug (Age 63)
    Sr. VP & CFO
    Comp: $1.02M
  • Ms. Jennifer O. Smestad (Age 52)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $797.63k
  • Mr. Timothy J. Rogelstad (Age 56)
    Sr. VP of Electric Platform
    Comp: $974.4k
  • Mr. John S. Abbott (Age 64)
    Sr. VP of Manufacturing Platform
    Comp: $952.36k
  • Mr. Tyler Nelson
    VP of Accounting & Head of Investor Relations
  • Ms. Stephanie A. Hoff
    Director of Corp. Communications
  • Mr. Paul L. Knutson
    VP of HR













OTTR Stock - Frequently Asked Questions

Should I buy or sell Otter Tail stock right now?

2 Wall Street 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 analysts is that investors should "reduce" OTTR shares.
View OTTR analyst ratings
or view top-rated stocks.

What is Otter Tail's stock price forecast for 2023?

2 Wall Street research analysts have issued twelve-month price targets for Otter Tail's stock. Their OTTR share price forecasts range from $68.00 to $75.00. On average, they anticipate the company's share price to reach $71.50 in the next year. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for OTTR
or view top-rated stocks among Wall Street analysts.

How have OTTR shares performed in 2023?

Otter Tail's stock was trading at $58.71 at the beginning of 2023. Since then, OTTR stock has increased by 26.8% and is now trading at $74.42.
View the best growth stocks for 2023 here
.

When is Otter Tail's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our OTTR earnings forecast
.

How were Otter Tail's earnings last quarter?

Otter Tail Co. (NASDAQ:OTTR) issued its earnings results on Monday, July, 31st. The utilities provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.47. The utilities provider had revenue of $337.72 million for the quarter, compared to the consensus estimate of $342 million. Otter Tail had a trailing twelve-month return on equity of 21.68% and a net margin of 19.87%.

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

Otter Tail declared a quarterly dividend on Monday, July 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.438 per share on Friday, September 8th. This represents a $1.75 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for OTTR
.

Is Otter Tail a good dividend stock?

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.75 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 42.89% 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 FY23 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $5.70-6.00 for the period, compared to the consensus earnings per share estimate of $4.74.

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

What is Otter Tail's stock symbol?

Otter Tail trades on the NASDAQ under the ticker symbol "OTTR."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Otter Tail's stock price today?

One share of OTTR stock can currently be purchased for approximately $74.42.

How much money does Otter Tail make?

Otter Tail (NASDAQ:OTTR) has a market capitalization of $3.10 billion and generates $1.46 billion in revenue each year. The utilities provider earns $284.18 million in net income (profit) each year or $6.45 on an earnings per share basis.

How many employees does Otter Tail have?

The company employs 2,422 workers across the globe.

How can I contact Otter Tail?

Otter Tail's mailing address is 215 S CASCADE ST PO BOX 496, FERGUS FALLS MN, 56538. The official website for the company is www.ottertail.com. The utilities provider can be reached via phone at (866) 410-8780, via email at lhanson@ottertail.com, or via fax at 218-998-3165.

This page (NASDAQ:OTTR) was last updated on 10/4/2023 by MarketBeat.com Staff

My Account -