Otter Tail - OTTR Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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3 Wall Street analysts have issued 1 year target prices for Otter Tail's shares. Their OTTR share price forecasts range from $64.00 to $75.00. On average, they expect the company's stock price to reach $70.33 in the next twelve months. This suggests that the stock has a possible downside of 12.6%.
View analysts price targets for OTTR or view top-rated stocks among Wall Street analysts.

Otter Tail's stock was trading at $71.42 at the beginning of 2022. Since then, OTTR shares have increased by 12.6% and is now trading at $80.43.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our OTTR earnings forecast.

Otter Tail Co. (NASDAQ:OTTR) announced its quarterly earnings data on Monday, August, 1st. The utilities provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.50. The utilities provider had revenue of $400.04 million for the quarter, compared to analysts' expectations of $336.87 million. Otter Tail had a trailing twelve-month return on equity of 25.55% and a net margin of 18.42%. The company's revenue was up 40.1% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS.

Otter Tail announced a quarterly dividend on Monday, August 1st. Investors of record on Monday, August 15th will be paid a dividend of $0.412 per share on Friday, September 9th. This represents a $1.65 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for OTTR.

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.65 per share and currently has a dividend yield of 2.11%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 26.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 43.31% 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 FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $6.83-$7.13 for the period, compared to the consensus estimate of $5.09. The company issued revenue guidance of -.

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 Brookfield Property Partners (BPY).

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

Otter Tail's stock is owned by many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (0.70%), JPMorgan Chase & Co. (0.24%), Swiss National Bank (0.21%), Assenagon Asset Management S.A. (0.20%), Whittier Trust Co. (0.15%) and North Star Investment Management Corp. (0.15%). Insiders that own company stock include John D Erickson, John D Erickson and Timothy J O'keefe.
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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 $80.43.

Otter Tail (NASDAQ:OTTR) has a market capitalization of $3.35 billion and generates $1.20 billion in revenue each year. The utilities provider earns $176.77 million in net income (profit) each year or $6.26 on an earnings per share basis.

The company employs 2,487 workers across the globe.

Otter Tail was founded in 1907.

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.