Otter Tail - OTTR Stock Forecast, Price & News

1 Wall Street research 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 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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1 Wall Street research analysts have issued 12 month price targets for Otter Tail's stock. Their OTTR share price forecasts range from $63.00 to $75.00. On average, they expect the company's stock price to reach $69.00 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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Otter Tail's stock was trading at $58.71 at the beginning of 2023. Since then, OTTR stock has increased by 9.3% and is now trading at $64.15.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our OTTR earnings forecast.

Otter Tail will be holding an earnings conference call on Tuesday, February 14th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Otter Tail Co. (NASDAQ:OTTR) released its earnings results on Sunday, October, 31st. The utilities provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.13. The utilities provider earned $316.29 million during the quarter, compared to the consensus estimate of $317.63 million. Otter Tail had a trailing twelve-month return on equity of 27.09% and a net margin of 19.69%. The firm's 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 earnings per share.

Otter Tail declared a quarterly dividend on Monday, October 31st. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.412 per share on Friday, December 9th. This represents a $1.65 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Monday, November 14th.
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 2.63%. 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 23.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 42.86% 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 Monday, November, 7th. The company provided EPS guidance of $6.42-$6.72 for the period, compared to the consensus estimate of $7.04. 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

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

Otter Tail's stock is owned by a number of institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (0.18%), Whittier Trust Co. (0.16%), Assenagon Asset Management S.A. (0.08%), Whittier Trust Co. of Nevada Inc. (0.08%), Kestra Advisory Services LLC (0.07%) and RBA Wealth Management LLC (0.03%). 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 $64.15.

Otter Tail (NASDAQ:OTTR) has a market capitalization of $2.67 billion and generates $1.20 billion in revenue each year. The utilities provider earns $176.77 million in net income (profit) each year or $7.01 on an earnings per share basis.

The company employs 2,487 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.