NASDAQ:OTTROtter Tail Stock Price, Forecast & News

$41.84

-1.28 (-2.97 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$41.61

Now: $41.84▼

$42.78

50-Day Range

$38.54

MA: $42.57▼

$46.86

52-Week Range

$30.95

Now: $41.84▼

$57.74

Volume141,400 shs

Average Volume131,395 shs

Market Capitalization$1.69 billion

P/E Ratio19.74

Dividend Yield3.54%

Beta0.34

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. It serves approximately 130,000 residential, commercial, industrial, and other customers. Otter Tail Corporation's 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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Otter Tail has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.25, Otter Tail has a potential upside of 24.9% from its current price of $41.84.
Amount of Analyst Coverage
Otter Tail has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Otter Tail has received 218 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Otter Tail has received 270 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Otter Tail has received 55.33% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Otter Tail and other stocks. Vote “Outperform” if you believe OTTR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OTTR will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Otter Tail is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Otter Tail has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Otter Tail is 68.20 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Otter Tail will have a dividend payout ratio of 66.67 % next year. This indicates that Otter Tail will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Otter Tail insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Otter Tail is held by insiders.
Percentage Held by Institutions
45.11% of the stock of Otter Tail is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Otter Tail are expected to grow by 4.72% in the coming year, from $2.12 to $2.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Otter Tail is 19.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Otter Tail is 19.74, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 30.63.
Price to Book Value per Share Ratio
Otter Tail has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.16 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Electric services

Sub-IndustryElectric Utilities

SectorUtilities

Current SymbolNASDAQ:OTTR

Previous Symbol

CUSIP68964810

CIK1466593

Webwww.ottertail.com

Phone866-410-8780

Debt

Debt-to-Equity Ratio0.93

Current Ratio1.46

Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio19.74

Forward P/E Ratio19.74

P/E GrowthN/A

Sales & Book Value

Annual Sales$919.50 million

Price / Sales1.84

Cash Flow$4.02 per share

Price / Cash Flow10.40

Book Value$19.66 per share

Price / Book2.13

Profitability

EPS (Most Recent Fiscal Year)$2.17

Net Income$86.85 million

Net Margins9.34%

Return on Equity11.00%

Return on Assets3.82%

Miscellaneous

Employees2,321

Outstanding Shares40,417,000

Market Cap$1.69 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Otter Tail (NASDAQ:OTTR) Frequently Asked Questions

How has Otter Tail's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, OTTR shares have decreased by 7.7% and is now trading at $41.84. View which stocks have been most impacted by Coronavirus.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Otter Tail.

When is Otter Tail's next earnings date?

Otter Tail is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Otter Tail.

How were Otter Tail's earnings last quarter?

Otter Tail Co. (NASDAQ:OTTR) posted its quarterly earnings results on Tuesday, May, 5th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.67 by $0.07. The utilities provider earned $234.75 million during the quarter, compared to analyst estimates of $250.70 million. Otter Tail had a return on equity of 11.00% and a net margin of 9.34%. 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 Tuesday, May 5th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.37 per share on Wednesday, June 10th. This represents a $1.48 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, May 14th. View Otter Tail's dividend history.

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

Otter Tail updated its FY20 earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of $2.00-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.22.

What price target have analysts set for OTTR?

5 brokerages have issued 1 year target prices for Otter Tail's shares. Their forecasts range from $48.00 to $56.00. On average, they anticipate Otter Tail's share price to reach $52.25 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View analysts' price targets for Otter Tail.

Has Otter Tail been receiving favorable news coverage?

News articles about OTTR stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Otter Tail earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View the latest news aboutOtter Tail.

Are investors shorting Otter Tail?

Otter Tail saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 251,500 shares, a decline of 9.1% from the April 30th total of 276,800 shares. Based on an average daily trading volume, of 138,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.6% of the company's stock are sold short. View Otter Tail's Current Options Chain.

Who are some of Otter Tail's key competitors?

Some companies that are related to Otter Tail include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), PPL (PPL), Edison International (EIX), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and Portland General Electric (POR). View all 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 AT&T (T), Dominion Energy (D), Ford Motor (F), Gilead Sciences (GILD), ONEOK (OKE), Occidental Petroleum (OXY), QUALCOMM (QCOM), Exxon Mobil (XOM), B&G Foods (BGS) and Cisco Systems (CSCO).

Who are Otter Tail's key executives?

Otter Tail's management team includes the following people:

Mr. Charles S. MacFarlane, Pres, CEO & Director (Age 54)
Mr. Kevin G. Moug, Sr. VP & CFO (Age 59)
Ms. Jennifer O. Smestad, VP, Gen. Counsel & Corp. Sec. (Age 48)
Mr. Timothy J. Rogelstad, Sr. VP of Electric Platform (Age 52)
Mr. John S. Abbott, Sr. VP of Manufacturing Platform & Pres of Varistar (Age 60)

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.12%), First Trust Advisors LP (2.28%), State Street Corp (2.20%), Gabelli Funds LLC (1.89%), Geode Capital Management LLC (1.55%) and Bank of New York Mellon Corp (0.84%). Company insiders that own Otter Tail stock include John D Erickson and Paul L Knutson. View institutional ownership trends for Otter Tail.

Which institutional investors are selling Otter Tail stock?

OTTR stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., Gabelli Funds LLC, UBS Group AG, Parametric Portfolio Associates LLC, Bank of New York Mellon Corp, Martingale Asset Management L P, and State Street Corp. View insider buying and selling activity for Otter Tail.

Which institutional investors are buying Otter Tail stock?

OTTR stock was purchased by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Federated Hermes Inc., Geode Capital Management LLC, Morgan Stanley, Morgan Stanley, Alliancebernstein L.P., JPMorgan Chase & Co., and Advisor Group Holdings Inc.. 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 $41.84.

How big of a company is Otter Tail?

Otter Tail has a market capitalization of $1.69 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 2,321 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 6/5/2020 by MarketBeat.com Staff