Otter Tail Co. (NASDAQ:OTTR) – Investment analysts at KeyCorp issued their Q3 2018 earnings per share estimates for shares of Otter Tail in a note issued to investors on Thursday, October 18th. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $0.42 per share for the quarter.
Other analysts have also issued reports about the company. BidaskClub lowered Otter Tail from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research lowered Otter Tail from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.67.
Shares of NASDAQ OTTR opened at $46.32 on Monday. 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 $1.85 billion, a PE ratio of 24.90 and a beta of 0.53. 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 (NASDAQ:OTTR) last announced its earnings results on Monday, August 6th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. Otter Tail had a return on equity of 11.74% and a net margin of 9.09%. The business had revenue of $226.30 million for the quarter, compared to analyst estimates of $224.80 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of OTTR. New York State Common Retirement Fund grew its stake in Otter Tail by 3.2% in the first quarter. New York State Common Retirement Fund now owns 46,224 shares of the utilities provider’s stock worth $2,004,000 after purchasing an additional 1,430 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Otter Tail by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,180,741 shares of the utilities provider’s stock worth $51,185,000 after purchasing an additional 14,634 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Otter Tail by 9.4% in the first quarter. Russell Investments Group Ltd. now owns 35,215 shares of the utilities provider’s stock worth $1,527,000 after purchasing an additional 3,036 shares in the last quarter. Sei Investments Co. grew its stake in Otter Tail by 131.9% in the first quarter. Sei Investments Co. now owns 19,384 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 11,024 shares in the last quarter. Finally, Barclays PLC grew its stake in Otter Tail by 35.5% in the first quarter. Barclays PLC now owns 11,163 shares of the utilities provider’s stock worth $484,000 after purchasing an additional 2,925 shares in the last quarter. Institutional investors and hedge funds own 42.69% of the company’s stock.
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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