Several analysts have recently updated their ratings and price targets for Otter Tail Corporation (NASDAQ: OTTR):

  • 9/15/2017 – Otter Tail Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. “
  • 9/12/2017 – Otter Tail Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. “
  • 9/2/2017 – Otter Tail Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. “
  • 8/31/2017 – Otter Tail Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. “
  • 8/16/2017 – Otter Tail Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. “
  • 8/15/2017 – Otter Tail Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. “
  • 7/31/2017 – Otter Tail Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Otter Tail Corporation (NASDAQ:OTTR) opened at 43.00 on Monday. The firm has a market cap of $1.70 billion, a PE ratio of 24.76 and a beta of 0.79. Otter Tail Corporation has a 52 week low of $33.08 and a 52 week high of $43.30. The firm has a 50-day moving average price of $41.68 and a 200-day moving average price of $39.58.

Otter Tail Corporation (NASDAQ:OTTR) last announced its earnings results on Monday, August 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. Otter Tail Corporation had a return on equity of 10.14% and a net margin of 8.35%. The firm had revenue of $212.10 million during the quarter, compared to analyst estimates of $211.30 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Otter Tail Corporation will post $1.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Tuesday, August 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, August 11th. Otter Tail Corporation’s dividend payout ratio is currently 74.42%.

In other news, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total value of $62,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

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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