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NASDAQ:OTTR

Otter Tail (OTTR) Stock Price, News & Analysis

Otter Tail logo
$80.78 +0.20 (+0.25%)
(As of 11/22/2024 ET)

About Otter Tail Stock (NASDAQ:OTTR)

Key Stats

Today's Range
$80.37
$81.47
50-Day Range
$74.74
$85.52
52-Week Range
$73.43
$100.84
Volume
281,982 shs
Average Volume
233,666 shs
Market Capitalization
$3.38 billion
P/E Ratio
11.16
Dividend Yield
2.31%
Price Target
N/A
Consensus Rating
Hold

Company Overview

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The 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 markets. This segment generates electricity through coal, fuel oil, solar, wind, and natural gas. It serves approximately residential, commercial, and industrial customers. The Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components and extruded raw material stock for the recreational vehicle, lawn and garden, agricultural, construction, and industrial and energy equipment end markets. The Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. 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.

Otter Tail Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
55th Percentile Overall Score

OTTR MarketRank™: 

Otter Tail scored higher than 55% of companies evaluated by MarketBeat, and ranked 65th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Otter Tail are expected to decrease by -38.23% in the coming year, from $7.01 to $4.33 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Otter Tail is 11.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Otter Tail is 11.16, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.78.

  • Price to Book Value per Share Ratio

    Otter Tail has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Otter Tail's valuation and earnings.
  • Percentage of Shares Shorted

    10.47% of the float of Otter Tail has been sold short.
  • Short Interest Ratio / Days to Cover

    Otter Tail has a short interest ratio ("days to cover") of 15.5, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Otter Tail has recently decreased by 5.02%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Otter Tail pays a meaningful dividend of 2.34%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Otter Tail has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Otter Tail is 25.83%. 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 43.19% next year. This indicates that Otter Tail will be able to sustain or increase its dividend.

  • Read more about Otter Tail's dividend.
  • Percentage of Shares Shorted

    10.47% of the float of Otter Tail has been sold short.
  • Short Interest Ratio / Days to Cover

    Otter Tail has a short interest ratio ("days to cover") of 15.5, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Otter Tail has recently decreased by 5.02%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Otter Tail has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Otter Tail this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    1 people have added Otter Tail to their MarketBeat watchlist in the last 30 days.
  • 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 2.30% of the stock of Otter Tail is held by insiders.

  • Percentage Held by Institutions

    61.32% of the stock of Otter Tail is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Otter Tail's insider trading history.
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OTTR Stock News Headlines

Otter Tail management to meet with Maxim
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DOJ investigating PVC prices after short seller report, FT says
Otter Tail upgraded to Hold from Sell at Siebert Williams
See More Headlines

OTTR Stock Analysis - Frequently Asked Questions

Otter Tail's stock was trading at $84.97 at the beginning of the year. Since then, OTTR stock has decreased by 4.9% and is now trading at $80.78.
View the best growth stocks for 2024 here
.

Otter Tail Co. (NASDAQ:OTTR) posted its quarterly earnings data on Monday, November, 4th. The utilities provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.06. The utilities provider earned $338.03 million during the quarter, compared to analyst estimates of $362.20 million. Otter Tail had a net margin of 22.70% and a trailing twelve-month return on equity of 19.84%.

Otter Tail's top institutional investors include State Street Corp (3.82%), Geode Capital Management LLC (2.37%), Charles Schwab Investment Management Inc. (1.22%) and Principal Financial Group Inc. (0.52%). Insiders that own company stock include Paul L Knutson, Jennifer O Smestad, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Otter Tail investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/10 Dividend
8/15/2024
Dividend Payable
9/10/2024
Last Earnings
11/04/2024
Ex-Dividend for 12/10 Dividend
11/15/2024
Today
11/23/2024
Dividend Payable
12/10/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/10/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
Current Symbol
NASDAQ:OTTR
CUSIP
68964810
Employees
2,655
Year Founded
1907

Profitability

Net Income
$294.19 million
Pretax Margin
27.79%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$9.49 per share
Book Value
$39.05 per share

Miscellaneous

Free Float
40,866,000
Market Cap
$3.38 billion
Optionable
Optionable
Beta
0.52

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This page (NASDAQ:OTTR) was last updated on 11/23/2024 by MarketBeat.com Staff
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