Otter Tail Co. (NASDAQ:OTTR – Free Report) – Funding analysts at KeyCorp upped their This fall 2024 EPS estimates for shares of Otter Tail in a notice issued to buyers on Monday, October twenty first. KeyCorp analyst S. Karp now expects that the utilities supplier will put up earnings of $1.20 per share for the quarter, up from their earlier estimate of $1.03. The consensus estimate for Otter Tail’s present full-year earnings is $6.92 per share. KeyCorp additionally issued estimates for Otter Tail’s FY2025 earnings at $4.33 EPS and FY2028 earnings at $4.22 EPS.
Otter Tail (NASDAQ:OTTR – Get Free Report) final posted its quarterly earnings outcomes on Monday, August fifth. The utilities supplier reported $2.07 EPS for the quarter, beating the consensus estimate of $1.69 by $0.38. Otter Tail had a internet margin of twenty-two.84% and a return on fairness of 21.06%. The enterprise had income of $342.34 million for the quarter, in comparison with analysts’ expectations of $367.71 million. Throughout the identical interval within the earlier yr, the corporate posted $1.95 EPS. Otter Tail’s income was up 1.4% on a year-over-year foundation.
Otter Tail Buying and selling Up 0.8 %
Otter Tail inventory opened at $78.85 on Thursday. The corporate’s fifty day easy transferring common is $80.03 and its 200-day easy transferring common is $85.84. The corporate has a fast ratio of 1.67, a present ratio of two.27 and a debt-to-equity ratio of 0.60. Otter Tail has a 12 month low of $69.49 and a 12 month excessive of $100.84. The inventory has a market cap of $3.30 billion, a P/E ratio of 10.66 and a beta of 0.53.
Institutional Traders Weigh In On Otter Tail
A number of institutional buyers and hedge funds have not too long ago modified their holdings of the enterprise. Artistic Planning lifted its stake in shares of Otter Tail by 2.2% within the 2nd quarter. Artistic Planning now owns 6,281 shares of the utilities supplier’s inventory valued at $550,000 after buying a further 137 shares over the past quarter. Foster & Motley Inc. lifted its place in Otter Tail by 1.5% throughout the 2nd quarter. Foster & Motley Inc. now owns 9,855 shares of the utilities supplier’s inventory value $863,000 after buying a further 149 shares over the past quarter. GAMMA Investing LLC lifted its place in Otter Tail by 46.3% throughout the 2nd quarter. GAMMA Investing LLC now owns 657 shares of the utilities supplier’s inventory value $58,000 after buying a further 208 shares over the past quarter. Arizona State Retirement System lifted its place in Otter Tail by 2.0% throughout the 2nd quarter. Arizona State Retirement System now owns 10,525 shares of the utilities supplier’s inventory value $922,000 after buying a further 208 shares over the past quarter. Lastly, Los Angeles Capital Administration LLC lifted its place in Otter Tail by 1.3% throughout the 2nd quarter. Los Angeles Capital Administration LLC now owns 21,091 shares of the utilities supplier’s inventory value $1,847,000 after buying a further 265 shares over the past quarter. Institutional buyers and hedge funds personal 61.32% of the corporate’s inventory.
Insider Exercise
In associated information, VP Jennifer O. Smestad bought 4,000 shares of Otter Tail inventory in a transaction on Tuesday, August thirteenth. The shares have been bought at a mean worth of $88.74, for a complete worth of $354,960.00. Following the completion of the sale, the vice chairman now owns 12,300 shares of the corporate’s inventory, valued at roughly $1,091,502. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of this hyperlink. 2.30% of the inventory is at present owned by company insiders.
Otter Tail Publicizes Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, September tenth. Stockholders of document on Thursday, August fifteenth have been issued a dividend of $0.468 per share. This represents a $1.87 annualized dividend and a dividend yield of two.37%. The ex-dividend date of this dividend was Thursday, August fifteenth. Otter Tail’s dividend payout ratio is at present 25.27%.
Otter Tail Firm Profile
Otter Tail Company, along with its subsidiaries, engages in electrical utility, manufacturing, and plastic pipe companies in america. It operates by way of three segments: Electrical, Manufacturing, and Plastics. The Electrical phase produces, transmits, distributes, and sells electrical power in Minnesota, North Dakota, and South Dakota; and operates as a participant within the Midcontinent Unbiased System Operator markets.
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