Sidoti cut shares of Otter Tail (NASDAQ:OTTR) from a buy rating to a neutral rating in a research report released on Monday morning, MarketBeat reports. Sidoti currently has $46.00 target price on the utilities provider’s stock.

A number of other analysts have also commented on OTTR. Zacks Investment Research lowered Otter Tail from a buy rating to a hold rating in a research report on Tuesday, September 12th. KeyCorp reaffirmed a hold rating on shares of Otter Tail in a research report on Friday, October 20th. Finally, BidaskClub lowered Otter Tail from a strong-buy rating to a buy rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Otter Tail currently has a consensus rating of Hold and a consensus target price of $44.67.

Otter Tail (NASDAQ OTTR) traded up $0.70 during mid-day trading on Monday, hitting $41.50. The stock had a trading volume of 82,400 shares, compared to its average volume of 93,063. Otter Tail has a 1 year low of $35.65 and a 1 year high of $48.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. The company has a market cap of $1,610.00, a price-to-earnings ratio of 23.06 and a beta of 0.82.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. Otter Tail had a return on equity of 10.34% and a net margin of 8.21%. The business had revenue of $216.50 million during the quarter, compared to analyst estimates of $201.70 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. equities analysts forecast that Otter Tail will post 1.8 earnings per share for the current year.

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

A number of hedge funds have recently added to or reduced their stakes in OTTR. Russell Investments Group Ltd. boosted its stake in Otter Tail by 15.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,373 shares of the utilities provider’s stock valued at $1,203,000 after purchasing an additional 4,085 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Otter Tail by 6.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,462 shares of the utilities provider’s stock valued at $10,196,000 after purchasing an additional 16,561 shares during the last quarter. Rhumbline Advisers boosted its stake in Otter Tail by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 48,650 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 605 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Otter Tail by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 424,768 shares of the utilities provider’s stock valued at $16,821,000 after purchasing an additional 5,716 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Otter Tail by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 12,318 shares of the utilities provider’s stock valued at $490,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 41.02% of the company’s stock.

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Otter Tail Company Profile

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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