Shares of Otter Tail Co. (NASDAQ:OTTR) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Otter Tail from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 7th. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, ValuEngine upgraded shares of Otter Tail from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th.

NASDAQ OTTR traded up $0.52 on Friday, hitting $47.51. The company’s stock had a trading volume of 47,132 shares, compared to its average volume of 84,244. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 1.44. Otter Tail has a 1-year low of $39.00 and a 1-year high of $49.75. The stock has a market cap of $1.90 billion, a P/E ratio of 25.54 and a beta of 0.53.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Otter Tail had a net margin of 9.09% and a return on equity of 11.74%. The company had revenue of $226.30 million during the quarter, compared to analysts’ expectations of $224.80 million. During the same period in the prior year, the company posted $0.42 earnings per share. Otter Tail’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts predict that Otter Tail will post 2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Wednesday, August 15th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.82%. The ex-dividend date was Tuesday, August 14th. Otter Tail’s dividend payout ratio is presently 72.04%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Institutional & Family Asset Management LLC bought a new position in Otter Tail during the first quarter worth $101,000. Bruderman Asset Management LLC boosted its stake in Otter Tail by 125.1% during the second quarter. Bruderman Asset Management LLC now owns 2,550 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 1,417 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Otter Tail by 70.4% during the first quarter. Perigon Wealth Management LLC now owns 3,352 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 1,385 shares in the last quarter. Wealth Alliance Advisory Group LLC bought a new position in Otter Tail during the first quarter worth $208,000. Finally, SG Americas Securities LLC boosted its stake in Otter Tail by 105.5% during the first quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 3,391 shares in the last quarter. 42.74% of the stock is currently owned by institutional investors and hedge funds.

About Otter Tail

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's 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, Inc markets.

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