Otter Tail (OTTR) Stock Forecast, Price & News

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

2 Wall Street research analysts have issued twelve-month price objectives 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 twelve months. This suggests that the stock has a possible downside of 6.1%.
View analysts price targets for OTTR or view top-rated stocks among Wall Street analysts.

Otter Tail's stock was trading at $58.71 at the beginning of 2023. Since then, OTTR shares have increased by 29.8% and is now trading at $76.18.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our OTTR earnings forecast.

Otter Tail Co. (NASDAQ:OTTR) released its quarterly earnings results on Monday, July, 31st. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.47. The utilities provider earned $337.72 million during the quarter, compared to analyst estimates of $342 million. Otter Tail had a net margin of 19.87% and a trailing twelve-month return on equity of 21.68%.

Otter Tail declared a quarterly dividend on Monday, July 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.438 per share on Friday, September 8th. This represents a $1.75 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for OTTR.

ETFs with the largest weight of Otter Tail (NASDAQ:OTTR) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Opus Small Cap Value Plus ETF (OSCV), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap Quality ETF (XSHQ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV) and First Trust Active Factor Small Cap ETF (AFSM).

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.75 per share and currently has a dividend yield of 2.27%. 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.

Otter Tail updated 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 EPS estimate of $4.74.

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.

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

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

Otter Tail's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.64%), State Street Corp (3.58%), Dimensional Fund Advisors LP (2.47%), Geode Capital Management LLC (2.02%), Gabelli Funds LLC (1.61%) and Northern Trust Corp (1.50%). Insiders that own company stock include John D Erickson and Timothy J O'keefe.
View institutional ownership trends.

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.
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One share of OTTR stock can currently be purchased for approximately $76.18.

Otter Tail (NASDAQ:OTTR) has a market capitalization of $3.18 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.

The company employs 2,422 workers across the globe.

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.