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Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Laser breakthrough could send stock soaring 2,467% (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Laser breakthrough could send stock soaring 2,467% (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Laser breakthrough could send stock soaring 2,467% (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
NASDAQ:OTTR

Otter Tail (OTTR) Stock Forecast, Price & News

$76.18
-0.77 (-1.00%)
(As of 09/25/2023 ET)
Compare
Today's Range
$75.92
$76.99
50-Day Range
$75.30
$92.48
52-Week Range
$52.60
$92.74
Volume
117,158 shs
Average Volume
227,597 shs
Market Capitalization
$3.18 billion
P/E Ratio
11.81
Dividend Yield
2.30%
Price Target
$71.50

Otter Tail MarketRank™ Forecast

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
6.1% Downside
$71.50 Price Target
Short Interest
Bearish
8.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.64mentions of Otter Tail in the last 14 days
Based on 5 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.

1.32 out of 5 stars

Utilities Sector

83rd out of 85 stocks

Electric Services Industry

41st out of 41 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

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.
ATV crash reported in Otter Tail County
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
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
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OTTR Company Calendar

Last Earnings
7/31/2023
Ex-Dividend for 9/8 Dividend
8/14/2023
Dividend Payable
9/08/2023
Today
9/26/2023
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
-6.1%
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
$8.96 per share
Book Value
$29.24 per share

Miscellaneous

Free Float
40,835,000
Market Cap
$3.18 billion
Optionable
Optionable
Beta
0.52

Social Links

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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 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.

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

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.

How have OTTR shares performed in 2023?

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.
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) 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%.

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. 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
.

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 2.27%. 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.

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

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.

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."

Who are Otter Tail's major shareholders?

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
.

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 $76.18.

How much money does Otter Tail make?

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.

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 9/26/2023 by MarketBeat.com Staff

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