Otter Tail - OTTR Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

1 analysts have issued 1-year price targets for Otter Tail's shares. Their OTTR share price forecasts range from $63.00 to $75.00. On average, they anticipate the company's share price to reach $69.00 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
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 2023. Since then, OTTR stock has increased by 21.8% and is now trading at $71.48.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our OTTR earnings forecast.

Otter Tail Co. (NASDAQ:OTTR) announced its quarterly earnings data on Sunday, October, 31st. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.13. The utilities provider earned $316.29 million during the quarter, compared to analysts' expectations of $317.63 million. Otter Tail had a trailing twelve-month return on equity of 24.90% and a net margin of 19.46%. Otter Tail's revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS.

Otter Tail declared a quarterly dividend on Friday, February 3rd. Stockholders of record on Tuesday, February 14th will be paid a dividend of $0.438 per share on Friday, March 10th. This represents a $1.75 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Monday, February 13th. This is a boost from the stock's previous quarterly dividend of $0.41.
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), Opus Small Cap Value Plus ETF (OSCV), First Trust NASDAQ BuyWrite Income ETF (FTQI), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Active Factor Small Cap ETF (AFSM), iShares U.S. Infrastructure ETF (IFRA), First Trust Value Line Dividend Index Fund (FVD) and 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 2.55%. 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 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 51.93% 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 FY23 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $3.76-4.06 for the period, compared to the consensus estimate of $3.90.

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 First Trust Advisors LP (3.09%), Dimensional Fund Advisors LP (2.49%), Geode Capital Management LLC (1.89%), Gabelli Funds LLC (1.76%), Charles Schwab Investment Management Inc. (1.18%) and Gamco Investors INC. ET AL (0.82%). Insiders that own company stock include 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 $71.48.

Otter Tail (NASDAQ:OTTR) has a market capitalization of $2.98 billion and generates $1.46 billion in revenue each year. The utilities provider earns $284.18 million in net income (profit) each year or $6.78 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.