Shares of Otter Tail Co. (NASDAQ:OTTR) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. Otter Tail’s rating score has declined by 28.8% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price target of $43.50 for the company and are anticipating that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Otter Tail an industry rank of 208 out of 265 based on the ratings given to its competitors.
Several analysts have recently weighed in on OTTR shares. KeyCorp reiterated a “hold” rating on shares of Otter Tail in a research report on Friday, October 20th. Sidoti lowered shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of Otter Tail from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, November 7th. Finally, BidaskClub lowered shares of Otter Tail from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd.
Large investors have recently added to or reduced their stakes in the business. Murphy Capital Management Inc. acquired a new position in Otter Tail in the third quarter valued at about $216,000. Stifel Financial Corp boosted its position in Otter Tail by 6.8% in the third quarter. Stifel Financial Corp now owns 235,649 shares of the utilities provider’s stock valued at $10,231,000 after buying an additional 14,903 shares in the last quarter. Northern Trust Corp boosted its position in Otter Tail by 8.3% in the second quarter. Northern Trust Corp now owns 956,660 shares of the utilities provider’s stock valued at $37,885,000 after buying an additional 72,974 shares in the last quarter. Wells Fargo & Company MN boosted its position in Otter Tail by 63.7% in the third quarter. Wells Fargo & Company MN now owns 73,686 shares of the utilities provider’s stock valued at $3,194,000 after buying an additional 28,678 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Otter Tail by 0.9% in the second quarter. BlackRock Inc. now owns 2,498,815 shares of the utilities provider’s stock valued at $98,953,000 after buying an additional 21,440 shares in the last quarter. Hedge funds and other institutional investors own 41.19% of the company’s stock.
Shares of Otter Tail (OTTR) traded up $1.35 during trading on Friday, hitting $41.30. 173,132 shares of the stock traded hands, compared to its average volume of 107,346. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. Otter Tail has a 1-year low of $35.65 and a 1-year high of $48.65. The firm has a market cap of $1,633.70, a price-to-earnings ratio of 22.94 and a beta of 0.71.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.335 per share. This is a positive change from Otter Tail’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, February 14th. Otter Tail’s payout ratio is 71.11%.
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About Otter Tail
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).
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