NASDAQ:OTTR

Otter Tail (OTTR) Stock Price, News & Analysis

$92.16
-0.06 (-0.07%)
(As of 05/17/2024 ET)
Today's Range
$91.96
$93.00
50-Day Range
$80.31
$92.94
52-Week Range
$68.96
$99.49
Volume
103,333 shs
Average Volume
238,410 shs
Market Capitalization
$3.85 billion
P/E Ratio
12.66
Dividend Yield
2.03%
Price Target
N/A

Otter Tail MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
6.44% 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 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.15 out of 5 stars

Utilities Sector

77th out of 92 stocks

Electric Services Industry

34th out of 42 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. It operates through three segments: Electric, Manufacturing, and Plastics. The 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 markets. This segment generates electricity through coal, fuel oil, solar, wind, and natural gas. It serves approximately residential, commercial, and industrial customers. The Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, 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. The 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

Q1 2024 Otter Tail Corp Earnings Call
Otter Tail Power earnings preview: what Wall Street is expecting
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/8 Dividend
2/14/2024
Dividend Payable
3/08/2024
Ex-Dividend for 6/10 Dividend
5/14/2024
Today
5/17/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
7/29/2024
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

Profitability

Net Income
$294.19 million
Pretax Margin
27.99%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$9.41 per share
Book Value
$35.81 per share

Miscellaneous

Free Float
40,852,000
Market Cap
$3.85 billion
Optionable
Optionable
Beta
0.56

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Key Executives

  • Mr. Charles S. MacFarlane (Age 59)
    President, CEO & Director
    Comp: $3.07M
  • Ms. Jennifer O. Smestad (Age 52)
    VP, General Counsel & Corporate Secretary
    Comp: $837.71k
  • Mr. Timothy J. Rogelstad (Age 57)
    Senior Vice President of Electric Platform
    Comp: $1.01M
  • Mr. John S. Abbott (Age 65)
    Senior Vice President of Manufacturing Platform
    Comp: $1.03M
  • Mr. Todd R. Wahlund (Age 53)
    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

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 stock has increased by 8.5% and is now trading at $92.16.
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, July 29th 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 had revenue of $314.31 million for the quarter, compared to analysts' expectations of $300.60 million. Otter Tail had a trailing twelve-month return on equity of 21.58% and a net margin of 22.55%. During the same quarter last year, the business earned $1.00 EPS.

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

Otter Tail declared a quarterly dividend on Friday, May 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.468 per share on Monday, June 10th. This represents a $1.87 annualized dividend and a yield of 2.03%. The ex-dividend date is Tuesday, May 14th.
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 2.03%. 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 25.69%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OTTR.

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

Otter Tail updated its FY24 earnings guidance on Tuesday, May, 7th. The company provided EPS guidance of $6.23-6.53 for the period, compared to the consensus earnings per share estimate of $5.30.

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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.56%), Gabelli Funds LLC (1.27%), Gamco Investors INC. ET AL (0.66%), Principal Financial Group Inc. (0.56%), ProShare Advisors LLC (0.22%) and LSV Asset Management (0.21%). 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 5/18/2024 by MarketBeat.com Staff

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