Otter Tail Co. (NASDAQ:OTTR) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 173,200 shares, a growth of 27.4% from the April 30th total of 136,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is presently 2.2 days.

Shares of OTTR stock traded down $0.19 on Thursday, reaching $52.28. 1,437 shares of the company’s stock traded hands, compared to its average volume of 75,884. Otter Tail has a 12-month low of $44.22 and a 12-month high of $53.35. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 3.36 and a beta of 0.36.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, May 6th. The utilities provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). Otter Tail had a net margin of 8.95% and a return on equity of 11.34%. The firm had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $256.20 million. During the same quarter last year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Otter Tail will post 2.2 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. Otter Tail’s dividend payout ratio (DPR) is currently 67.96%.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Otter Tail by 2.3% during the 4th quarter. BlackRock Inc. now owns 2,826,591 shares of the utilities provider’s stock worth $140,311,000 after buying an additional 64,553 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Otter Tail by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,204,544 shares of the utilities provider’s stock valued at $59,794,000 after purchasing an additional 14,909 shares during the period. First Trust Advisors LP lifted its stake in shares of Otter Tail by 22.4% in the 1st quarter. First Trust Advisors LP now owns 613,670 shares of the utilities provider’s stock valued at $30,573,000 after purchasing an additional 112,454 shares during the period. Geode Capital Management LLC lifted its stake in shares of Otter Tail by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 471,635 shares of the utilities provider’s stock valued at $23,411,000 after purchasing an additional 41,911 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Otter Tail by 39.1% in the 4th quarter. Stifel Financial Corp now owns 255,591 shares of the utilities provider’s stock valued at $12,716,000 after purchasing an additional 71,791 shares during the period. 43.64% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on OTTR. BidaskClub upgraded Otter Tail from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. Zacks Investment Research upgraded Otter Tail from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a report on Friday, March 22nd. Finally, Maxim Group began coverage on Otter Tail in a report on Thursday, April 11th. They issued a “buy” rating and a $60.00 target price on the stock.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc markets.

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