Otter Tail Co. (NASDAQ:OTTR) – Research analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for Otter Tail in a research report issued on Tuesday. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.44 for the quarter.

A number of other brokerages have also commented on OTTR. Zacks Investment Research upgraded shares of Otter Tail from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th. Williams Capital began coverage on shares of Otter Tail in a report on Monday, February 6th. They set a “hold” rating and a $36.00 price objective on the stock. Finally, Sidoti upgraded shares of Otter Tail from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Friday, March 24th.

Earnings History and Estimates for Otter Tail (NASDAQ:OTTR)

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Shares of Otter Tail (NASDAQ:OTTR) opened at 38.45 on Thursday. The firm’s 50-day moving average is $37.49 and its 200 day moving average is $37.58. The firm has a market capitalization of $1.52 billion, a P/E ratio of 23.93 and a beta of 0.76. Otter Tail has a 52 week low of $27.77 and a 52 week high of $42.55.

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Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings results on Monday, February 6th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $192.40 million. Otter Tail had a return on equity of 9.76% and a net margin of 7.76%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share.

In related news, VP George A. Koeck sold 4,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $36.30, for a total value of $145,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin G. Moug sold 800 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $37.80, for a total transaction of $30,240.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its position in Otter Tail by 6.8% in the third quarter. New York State Common Retirement Fund now owns 45,500 shares of the utilities provider’s stock worth $1,574,000 after buying an additional 2,900 shares during the period. BlackRock Fund Advisors increased its position in Otter Tail by 8.3% in the third quarter. BlackRock Fund Advisors now owns 977,439 shares of the utilities provider’s stock worth $33,810,000 after buying an additional 75,051 shares during the period. BlackRock Inc. increased its position in Otter Tail by 3.0% in the third quarter. BlackRock Inc. now owns 11,990 shares of the utilities provider’s stock worth $414,000 after buying an additional 344 shares during the period. BlackRock Investment Management LLC increased its position in Otter Tail by 1.6% in the third quarter. BlackRock Investment Management LLC now owns 158,080 shares of the utilities provider’s stock worth $5,468,000 after buying an additional 2,484 shares during the period. Finally, BlackRock Advisors LLC increased its position in Otter Tail by 10.6% in the third quarter. BlackRock Advisors LLC now owns 19,907 shares of the utilities provider’s stock worth $689,000 after buying an additional 1,904 shares during the period. 37.58% of the stock is owned by institutional investors and hedge funds.

Otter Tail Company Profile

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

5 Day Chart for NASDAQ:OTTR

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