Otter Tail Corp. (NASDAQ:OTTR) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given Otter Tail Corp. an industry rank of 87 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Otter Tail Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th.
In other news, Director John D. Erickson sold 2,900 shares of Otter Tail Corp. stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $37.33, for a total value of $108,257.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevin G. Moug sold 800 shares of Otter Tail Corp. stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $35.20, for a total transaction of $28,160.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of OTTR. PNC Financial Services Group Inc. increased its stake in shares of Otter Tail Corp. by 1.7% in the second quarter. PNC Financial Services Group Inc. now owns 24,366 shares of the company’s stock valued at $817,000 after buying an additional 396 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Otter Tail Corp. during the second quarter valued at $12,944,000. Commonwealth Equity Services Inc increased its stake in shares of Otter Tail Corp. by 15.8% in the second quarter. Commonwealth Equity Services Inc now owns 59,579 shares of the company’s stock valued at $1,995,000 after buying an additional 8,135 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Otter Tail Corp. by 3.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,006 shares of the company’s stock valued at $737,000 after buying an additional 692 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Otter Tail Corp. by 0.7% in the second quarter. Gabelli Funds LLC now owns 1,142,251 shares of the company’s stock valued at $38,254,000 after buying an additional 7,500 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.
Otter Tail Corp. (NASDAQ:OTTR) traded up 1.28% on Monday, hitting $39.45. 24,613 shares of the company traded hands. Otter Tail Corp. has a 12 month low of $25.20 and a 12 month high of $39.61. The stock’s 50-day moving average is $35.47 and its 200 day moving average is $33.75. The stock has a market cap of $1.55 billion, a PE ratio of 25.42 and a beta of 0.69.
Otter Tail Corp. (NASDAQ:OTTR) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.08. Otter Tail Corp. had a return on equity of 9.57% and a net margin of 7.46%. The business had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $204 million. During the same period in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts expect that Otter Tail Corp. will post $1.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, November 10th. Otter Tail Corp.’s payout ratio is currently 80.65%.
Otter Tail Corp. Company Profile
Otter Tail Corporation is a holding company. The Company, through its subsidiaries, operates through three segments: Electric, Manufacturing and Plastics. The Company’s subsidiaries own facilities and equipment used in the manufacture of producing polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining.