Should I buy or sell Otter Tail stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" OTTR shares. View OTTR analyst ratings or view top-rated stocks .

What is Otter Tail's stock price target for 2024?

2 Wall Street research analysts have issued 12-month target prices for Otter Tail's stock. Their OTTR share price targets range from $68.00 to $68.00. On average, they predict the company's stock price to reach $68.00 in the next year. This suggests that the stock has a possible downside of 19.3%. View analysts price targets for OTTR or view top-rated stocks among Wall Street analysts .

How have OTTR shares performed in 2024?

Otter Tail's stock was trading at $84.97 at the beginning of the year. Since then, OTTR stock has decreased by 0.8% and is now trading at $84.25. View the best growth stocks for 2024 here .

When is Otter Tail's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our OTTR earnings forecast .

How can I listen to Otter Tail's earnings call?

Otter Tail will be holding an earnings conference call on Tuesday, May 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Otter Tail's earnings last quarter?

Otter Tail Co. (NASDAQ:OTTR) posted its quarterly earnings data on Tuesday, February, 13th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. The utilities provider earned $314.31 million during the quarter, compared to analysts' expectations of $300.60 million. Otter Tail had a net margin of 21.81% and a trailing twelve-month return on equity of 21.64%. During the same period in the previous year, the firm posted $1.00 EPS.

How often does Otter Tail pay dividends? What is the dividend yield for Otter Tail?

Otter Tail declared a quarterly dividend on Monday, February 5th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.468 per share on Friday, March 8th. This represents a $1.87 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from the stock's previous quarterly dividend of $0.44. Read our dividend analysis for OTTR .

Is Otter Tail a good dividend stock?

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.87 per share and currently has a dividend yield of 2.28%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.71%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for OTTR .

What ETFs hold Otter Tail's stock?

ETFs with the largest weight of Otter Tail (NASDAQ:OTTR) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) , Aztlan Global Stock Selection DM SMID ETF (AZTD) , Invesco Dorsey Wright Utilities Momentum ETF (PUI) , Opus Small Cap Value Plus ETF (OSCV) , Invesco S&P SmallCap Quality ETF (XSHQ) , Invesco S&P SmallCap Momentum ETF (XSMO) , First Trust Value Line Dividend Index Fund (FVD) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG) .

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

Otter Tail updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 5.130-5.430 for the period, compared to the consensus EPS estimate of 4.080. The company issued revenue guidance of -.

What is Nathan I. Partain's approval rating as Otter Tail's CEO?

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.

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 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

Who are Otter Tail's major shareholders?

Otter Tail's stock is owned by a number of institutional and retail investors. Top institutional investors include OneAscent Financial Services LLC (0.07%), State of Alaska Department of Revenue (0.06%), Los Angeles Capital Management LLC (0.05%), Maryland State Retirement & Pension System (0.04%), CWM LLC (0.03%) and RBA Wealth Management LLC (0.03%). Insiders that own company stock include John D Erickson and Timothy J O'keefe . View institutional ownership trends .

How do I buy shares of Otter Tail?

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 .

NASDAQ:OTTR

Otter Tail (OTTR) Stock Price, News & Analysis

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Free OTTR Stock Alerts

$84.25

+1.96 (+2.38%)

(As of 04/19/2024 ET)

Compare

Today's Range: $82.19
▼
$84.41
50-Day Range: $80.31
▼
$98.85
52-Week Range: $68.96
▼
$99.49

Volume: 189,925 shs
Average Volume: 274,005 shs
Market Capitalization: $3.51 billion

P/E Ratio: 12.04
Dividend Yield: 2.22%
Price Target: $68.00

Get Otter Tail alerts:

Otter Tail MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 19.3% Downside
$68.00 Price Target
Short Interest: Bearish
8.03% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.41
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.56 out of 5 stars

Utilities Sector

82nd out of 90 stocks

Electric Services Industry

40th out of 40 stocks

0.8

Analyst's Opinion

Consensus Rating
Otter Tail has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Otter Tail has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.03% 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 11.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Otter Tail has recently decreased by 2.67%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Otter Tail pays a meaningful dividend of 2.28%, 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 26.71%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OTTR.

1.9

News and Social Media Coverage

News Sentiment
Otter Tail has a news sentiment score of 0.41. 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 lower news sentiment than the 0.51 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.
Search Interest
11 people have searched for OTTR on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Otter Tail to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

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 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Otter Tail is 12.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Otter Tail is 12.04, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 79.73.
Price to Book Value per Share Ratio
Otter Tail has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Otter Tail Stock (NASDAQ:OTTR)

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.

OTTR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OTTR Stock News Headlines

April 16, 2024 | businesswire.com

Otter Tail Corporation Will Host Conference Call on First Quarter 2024 Financial Results

April 12, 2024 | msn.com

Soon-to-be-mom rescues newborn otter from Sacramento roadway

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 28, 2024 | msn.com

Wisconsin Department of Natural Resources: Otter trapping season to close throughout the state

March 26, 2024 | finance.yahoo.com

With 61% ownership of the shares, Otter Tail Corporation (NASDAQ:OTTR) is heavily dominated by institutional owners

March 22, 2024 | msn.com

Ten inmates from Otter Tail County Jail transferred to Clay County

March 21, 2024 | msn.com

Woman injured, may face charges after early morning crash in Otter Tail County

March 21, 2024 | msn.com

Otter Tail County partners with high school welding student to create culvert cleaning tool

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 16, 2024 | finance.yahoo.com

OTTR Apr 2024 65.000 call

March 16, 2024 | finance.yahoo.com

OTTR Apr 2024 85.000 put

March 16, 2024 | finance.yahoo.com

OTTR Apr 2024 120.000 call

February 22, 2024 | seekingalpha.com

Otter Tail: Plastics Profits Might Not Be As Strong In 2024

February 21, 2024 | finance.yahoo.com

OTTR Feb 2024 90.000 call

February 20, 2024 | msn.com

Driver charged, passenger air lifted from Otter Tail County crash

February 15, 2024 | finance.yahoo.com

Otter Tail Corporation (NASDAQ:OTTR) Q4 2023 Earnings Call Transcript

February 14, 2024 | finance.yahoo.com

Otter Tail Full Year 2023 Earnings: EPS Beats Expectations

February 13, 2024 | seekingalpha.com

Otter Tail Corporation 2023 Q4 - Results - Earnings Call Presentation

February 13, 2024 | finance.yahoo.com

Otter Tail Corp (OTTR) Announces Record Annual Earnings and Increased Dividend

February 13, 2024 | msn.com

Otter Tail reports mixed Q4 results; initiates FY24 outlook

February 12, 2024 | finance.yahoo.com

Otter Tail Corporation Announces Record Annual Earnings, Increases Quarterly Dividend, and Announces 2024 Earnings Guidance

February 11, 2024 | markets.businessinsider.com

Otter Tail Power is about to announce its earnings — here's what to expect

February 10, 2024 | ca.finance.yahoo.com

OTTR Jul 2024 100.000 call

February 10, 2024 | ca.finance.yahoo.com

OTTR Apr 2024 70.000 call

February 9, 2024 | finance.yahoo.com

Otter Tail (NASDAQ:OTTR) Is Paying Out A Larger Dividend Than Last Year

February 6, 2024 | finance.yahoo.com

Otter Tail (OTTR) Rewards Shareholders With 6.9% Dividend Hike

February 5, 2024 | marketwatch.com

Otter Tail Raises Dividend 6.9%

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Ex-Dividend for 3/8 Dividend: 2/14/2024
Dividend Payable: 3/08/2024
Today: 4/20/2024
Next Earnings (Confirmed): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Utilities
Industry: Electric services
Sub-Industry: Electric Utilities
Current Symbol: NASDAQ:OTTR
CUSIP: 68964810
CIK: 1466593
Web: www.ottertail.com
Phone: (866) 410-8780
Fax: 218-998-3165
Employees: 2,655
Year Founded: 1907

Price Target and Rating

Average Stock Price Target: $68.00
High Stock Price Target: $68.00
Low Stock Price Target: $68.00
Potential Upside/Downside: -19.3%
Consensus Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.00
Trailing P/E Ratio: 12.04
Forward P/E Ratio: 15.96
P/E Growth: N/A
Net Income: $294.19 million
Net Margins: 21.81%
Pretax Margin: 26.94%
Return on Equity: 21.64%
Return on Assets: 9.41%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 1.84
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: $1.35 billion
Price / Sales: 2.60
Cash Flow: $9.64 per share
Price / Cash Flow: 8.74
Book Value: $34.60 per share
Price / Book: 2.43

Miscellaneous

Outstanding Shares: 41,710,000
Free Float: 40,752,000
Market Cap: $3.51 billion
Optionable: Optionable
Beta: 0.56

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Key Executives

Mr. Charles S. MacFarlane (Age 59)
President, CEO & Director
Comp: $3.07M
Ms. Jennifer O. Smestad (Age 52)
VP, General Counsel & Corporate Secretary
Comp: $837.71k
Mr. Timothy J. Rogelstad (Age 57)
Senior Vice President of Electric Platform
Comp: $1.01M
Mr. John S. Abbott (Age 65)
Senior Vice President of Manufacturing Platform
Comp: $1.03M
Mr. Todd R. Wahlund (Age 53)
VP & CFO
Mr. Tyler Nelson
Vice President of Accounting
Beth Osman
Manager of Investor Relations
Ms. Stephanie A. Hoff
Director of Corporate Communications
Mr. Paul L. Knutson
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OTTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Otter Tail stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" OTTR shares.
View OTTR analyst ratings or view top-rated stocks.
What is Otter Tail's stock price target for 2024?: 2 Wall Street research analysts have issued 12-month target prices for Otter Tail's stock. Their OTTR share price targets range from $68.00 to $68.00. On average, they predict the company's stock price to reach $68.00 in the next year. This suggests that the stock has a possible downside of 19.3%.
View analysts price targets for OTTR or view top-rated stocks among Wall Street analysts.
How have OTTR shares performed in 2024?: Otter Tail's stock was trading at $84.97 at the beginning of the year. Since then, OTTR stock has decreased by 0.8% and is now trading at $84.25.
View the best growth stocks for 2024 here.
When is Otter Tail's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our OTTR earnings forecast.
How can I listen to Otter Tail's earnings call?: Otter Tail will be holding an earnings conference call on Tuesday, May 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Otter Tail's earnings last quarter?: Otter Tail Co. (NASDAQ:OTTR) posted its quarterly earnings data on Tuesday, February, 13th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. The utilities provider earned $314.31 million during the quarter, compared to analysts' expectations of $300.60 million. Otter Tail had a net margin of 21.81% and a trailing twelve-month return on equity of 21.64%. During the same period in the previous year, the firm posted $1.00 EPS.
How often does Otter Tail pay dividends? What is the dividend yield for Otter Tail?: Otter Tail declared a quarterly dividend on Monday, February 5th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.468 per share on Friday, March 8th. This represents a $1.87 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for OTTR.
Is Otter Tail a good dividend stock?: Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.87 per share and currently has a dividend yield of 2.28%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.71%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OTTR.

What ETFs hold Otter Tail's stock?: ETFs with the largest weight of Otter Tail (NASDAQ:OTTR) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Aztlan Global Stock Selection DM SMID ETF (AZTD), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Momentum ETF (XSMO), First Trust Value Line Dividend Index Fund (FVD) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG).
What guidance has Otter Tail issued on next quarter's earnings?: Otter Tail updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 5.130-5.430 for the period, compared to the consensus EPS estimate of 4.080. The company issued revenue guidance of -.
What is Nathan I. Partain's approval rating as Otter Tail's CEO?: 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.
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 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
Who are Otter Tail's major shareholders?: Otter Tail's stock is owned by a number of institutional and retail investors. Top institutional investors include OneAscent Financial Services LLC (0.07%), State of Alaska Department of Revenue (0.06%), Los Angeles Capital Management LLC (0.05%), Maryland State Retirement & Pension System (0.04%), CWM LLC (0.03%) and RBA Wealth Management LLC (0.03%). Insiders that own company stock include John D Erickson and Timothy J O'keefe.
View institutional ownership trends.
How do I buy shares of Otter Tail?: 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.

This page (NASDAQ:OTTR) was last updated on 4/20/2024 by MarketBeat.com Staff

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Otter Tail (OTTR) Stock Price, News & Analysis

Otter Tail MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Otter Tail Stock (NASDAQ:OTTR)

OTTR Stock Price History

OTTR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

OTTR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™