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 "hold" OTTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTTR, but not buy additional shares or sell existing shares.
View OTTR analyst ratings or view top-rated stocks.

2 brokerages have issued 12 month price objectives for Otter Tail's stock. Their OTTR share price forecasts range from $68.00 to $75.00. On average, they predict the company's share price to reach $71.50 in the next year. This suggests that the stock has a possible downside of 2.6%.
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 the year. Since then, OTTR shares have increased by 25.0% and is now trading at $73.39.
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Otter Tail saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,120,000 shares, an increase of 20.5% from the April 30th total of 2,590,000 shares. Based on an average daily volume of 390,100 shares, the short-interest ratio is currently 8.0 days. Approximately 8.4% of the company's stock are sold short.
View Otter Tail's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our OTTR earnings forecast.

Otter Tail Co. (NASDAQ:OTTR) announced its earnings results on Sunday, October, 31st. The utilities provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.13. The utilities provider earned $316.29 million during the quarter, compared to analyst estimates of $317.63 million. Otter Tail had a trailing twelve-month return on equity of 22.98% and a net margin of 19.28%. The company's quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS.

Otter Tail announced a quarterly dividend on Monday, May 1st. Stockholders of record on Monday, May 15th will be given a dividend of $0.438 per share on Friday, June 9th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, May 12th.
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 DWA Utilities Momentum ETF (PUI), Opus Small Cap Value Plus ETF (OSCV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust NASDAQ BuyWrite Income ETF (FTQI), Inspire Fidelis Multi Factor ETF (FDLS) and First Trust Active Factor Small Cap ETF (AFSM).WisdomTree U.S. SmallCap Dividend Fund (DES).

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.75 per share and currently has a dividend yield of 2.33%. 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 26.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 53.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTTR.

Otter Tail issued an update on its FY23 earnings guidance on Tuesday, May, 2nd. The company provided earnings per share guidance of $4.55-4.85 for the period, compared to the consensus EPS estimate of $3.94.

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.64%), State Street Corp (3.54%), First Trust Advisors LP (2.53%), Dimensional Fund Advisors LP (2.51%), Geode Capital Management LLC (1.96%) and Gabelli Funds LLC (1.74%). 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 $73.39.

Otter Tail (NASDAQ:OTTR) has a market capitalization of $3.06 billion and generates $1.46 billion in revenue each year. The utilities provider earns $284.18 million in net income (profit) each year or $6.55 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.