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NASDAQ:OTTR

Otter Tail Stock Forecast, Price & News

$40.74
-1.04 (-2.49 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$40.17
Now: $40.74
$41.68
50-Day Range
$38.24
MA: $40.13
$43.35
52-Week Range
$30.95
Now: $40.74
$56.90
Volume87,300 shs
Average Volume131,943 shs
Market Capitalization$1.67 billion
P/E Ratio18.95
Dividend Yield3.63%
Beta0.35
Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics 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 and oil sources. As of December 31, 2019, it served approximately 132,578 residential, commercial, industrial, and other customers. Its Manufacturing segment stamps, fabricates, welds, paints, and laser cuts metal components for use in the recreational vehicle, agricultural, oil and gas, lawn and garden, industrial equipment, health and fitness, and enclosure industries; manufactures and fabricates parts for off-road equipment, mining machinery, oil fields and offshore oil rigs, wind industry components, broadcast antennae, and farm equipment; and provides laser cutting services and stamping to weldments and assemblies for metal fabrication buyers and original equipment manufacturers. It also manufactures and sells thermoformed products for the horticulture industry; and clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage system, and other uses. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
Current SymbolNASDAQ:OTTR
CUSIP68964810
Phone866-410-8780
Employees2,208

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$919.50 million
Cash Flow$4.33 per share
Book Value$19.66 per share

Profitability

Net Income$86.85 million

Miscellaneous

Market Cap$1.67 billion
Next Earnings Date2/15/2021 (Estimated)
OptionableOptionable
$40.74
-1.04 (-2.49 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Otter Tail (NASDAQ:OTTR) Frequently Asked Questions

How has Otter Tail's stock price been impacted by COVID-19?

Otter Tail's stock was trading at $45.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OTTR stock has decreased by 10.1% and is now trading at $40.74.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Otter Tail?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Otter Tail
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Otter Tail?

Wall Street analysts have given Otter Tail a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Otter Tail wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Otter Tail's next earnings date?

Otter Tail is scheduled to release its next quarterly earnings announcement on Monday, February 15th 2021.
View our earnings forecast for Otter Tail
.

How were Otter Tail's earnings last quarter?

Otter Tail Co. (NASDAQ:OTTR) announced its earnings results on Saturday, November, 7th. The utilities provider reported $0.87 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.21. The utilities provider earned $235.76 million during the quarter, compared to analysts' expectations of $228.35 million. Otter Tail had a return on equity of 10.93% and a net margin of 9.90%. The business's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share.
View Otter Tail's earnings history
.

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

Otter Tail declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.37 per share on Thursday, December 10th. This represents a $1.48 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, November 12th.
View Otter Tail's dividend history
.

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

Otter Tail issued an update on its FY20 earnings guidance on Monday, November, 2nd. The company provided earnings per share (EPS) guidance of $2.26-2.36 for the period, compared to the Thomson Reuters consensus estimate of $2.25.

What price target have analysts set for OTTR?

3 brokerages have issued 12 month target prices for Otter Tail's shares. Their forecasts range from $45.00 to $55.00. On average, they expect Otter Tail's share price to reach $50.00 in the next year. This suggests a possible upside of 22.7% from the stock's current price.
View analysts' price targets for Otter Tail
.

Are investors shorting Otter Tail?

Otter Tail saw a drop in short interest in October. As of October 15th, there was short interest totaling 275,600 shares, a drop of 15.5% from the September 30th total of 326,000 shares. Based on an average trading volume of 120,600 shares, the short-interest ratio is presently 2.3 days.
View Otter Tail's Short Interest
.

Who are some of Otter Tail's key competitors?

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 Brookfield Property Partners (BPY).

Who are Otter Tail's key executives?

Otter Tail's management team includes the following people:
  • Mr. Charles S. MacFarlane, Pres, CEO & Director (Age 55, Pay $1.61M)
  • Mr. Kevin G. Moug, Sr. VP & CFO (Age 60, Pay $785.76k)
  • Ms. Jennifer O. Smestad, VP, Gen. Counsel & Corp. Sec. (Age 49, Pay $611.79k)
  • Mr. Timothy J. Rogelstad, Sr. VP of Electric Platform & Pres of Otter Tail Power Company (Age 53, Pay $603.8k)
  • Mr. John S. Abbott, Sr. VP of Manufacturing Platform & Pres of Varistar (Age 61, Pay $667.31k)
  • Ms. Stephanie A. Hoff, Director of Corp. Communications
  • Mr. Paul L. Knutson, VP of HR
  • Mr. Loren Hanson, Assistant Sec.

What is Otter Tail's stock symbol?

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

Who are Otter Tail's major shareholders?

Otter Tail's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.07%), First Trust Advisors LP (3.60%), State Street Corp (2.07%), Gabelli Funds LLC (1.83%), Gamco Investors INC. ET AL (0.99%) and Charles Schwab Investment Management Inc. (0.87%). Company insiders that own Otter Tail stock include John D Erickson and Paul L Knutson.
View institutional ownership trends for Otter Tail
.

Which major investors are selling Otter Tail stock?

OTTR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Foundry Partners LLC, State Street Corp, Morgan Stanley, Great West Life Assurance Co. Can, Federated Hermes Inc., JPMorgan Chase & Co., and Wells Fargo & Company MN.
View insider buying and selling activity for Otter Tail
.

Which major investors are buying Otter Tail stock?

OTTR stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Gamco Investors INC. ET AL, Shelton Capital Management, Cubist Systematic Strategies LLC, Trexquant Investment LP, Jackson Creek Investment Advisors LLC, Sei Investments Co., and Aigen Investment Management LP.
View insider buying and selling activity for Otter Tail
.

How do I buy shares of Otter Tail?

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

What is Otter Tail's stock price today?

One share of OTTR stock can currently be purchased for approximately $40.74.

How big of a company is Otter Tail?

Otter Tail has a market capitalization of $1.67 billion and generates $919.50 million in revenue each year. The utilities provider earns $86.85 million in net income (profit) each year or $2.17 on an earnings per share basis. Otter Tail employs 2,208 workers across the globe.

What is Otter Tail's official website?

The official website for Otter Tail is www.ottertail.com.

How can I contact Otter Tail?

Otter Tail's mailing address is 215 S CASCADE ST PO BOX 496, FERGUS FALLS MN, 56538. The utilities provider can be reached via phone at 866-410-8780 or via email at [email protected]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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