Otter Tail (OTTR) Getting Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Otter Tail (NASDAQ:OTTR) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Otter Tail earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 47.190553034344 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Otter Tail (NASDAQ:OTTR) opened at $46.75 on Wednesday. The stock has a market cap of $1,870.00, a PE ratio of 26.61 and a beta of 0.82. Otter Tail has a 52-week low of $35.65 and a 52-week high of $48.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.61.

Otter Tail (NASDAQ:OTTR) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. The company had revenue of $216.50 million during the quarter, compared to analysts’ expectations of $201.70 million. Otter Tail had a net margin of 8.53% and a return on equity of 10.47%. Otter Tail’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. sell-side analysts forecast that Otter Tail will post 1.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Wednesday, November 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.28 annualized dividend and a yield of 2.74%. Otter Tail’s dividend payout ratio is 71.11%.

A number of equities research analysts have recently issued reports on OTTR shares. Zacks Investment Research raised shares of Otter Tail from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, August 15th. KeyCorp reissued a “hold” rating on shares of Otter Tail in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.67.

In related news, VP George A. Koeck sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total transaction of $139,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin G. Moug sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total transaction of $69,750.00. The disclosure for this sale can be found here. Insiders have sold 6,900 shares of company stock valued at $318,570 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

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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).

Insider Buying and Selling by Quarter for Otter Tail (NASDAQ:OTTR)

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