News articles about Otter Tail (NASDAQ:OTTR) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Otter Tail earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 44.7954524782664 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Otter Tail (OTTR) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Otter Tail Co. (OTTR) Given $44.00 Average Price Target by Analysts (americanbankingnews.com)
- Fate of Fergus Falls hospital splits community (mprnews.org)
- Wild Otter On The Loose Attacks Woman Kayaker From Florida (techtimes.com)
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Otter Tail from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Williams Capital reiterated a “hold” rating and set a $42.00 price target (up previously from $41.00) on shares of Otter Tail in a research note on Thursday, February 15th. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Sidoti cut shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $44.33.
Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings results on Monday, February 12th. The utilities provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.06. The business had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $207.30 million. Otter Tail had a net margin of 8.53% and a return on equity of 10.73%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. equities research analysts forecast that Otter Tail will post 1.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Thursday, February 15th were paid a dividend of $0.335 per share. This is a boost from Otter Tail’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, February 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.15%. Otter Tail’s payout ratio is 73.63%.
In related news, CFO Kevin G. Moug sold 1,500 shares of Otter Tail stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $40.55, for a total transaction of $60,825.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by 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).
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