Shares of Otter Tail Co. (NASDAQ:OTTR) have earned a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating. Otter Tail’s rating score has declined by 28.8% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price target of $43.50 for the company and are expecting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given Otter Tail an industry rank of 221 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on OTTR shares. BidaskClub downgraded shares of Otter Tail from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Otter Tail from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, November 7th. KeyCorp restated a “hold” rating on shares of Otter Tail in a research report on Friday, October 20th. Finally, Sidoti downgraded shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Monday, January 8th.

Shares of Otter Tail (NASDAQ:OTTR) traded down $1.60 during trading hours on Monday, hitting $40.40. 111,528 shares of the company traded hands, compared to its average volume of 99,734. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1,661.41, a P/E ratio of 22.44 and a beta of 0.71. Otter Tail has a fifty-two week low of $35.65 and a fifty-two week high of $48.65.

In other Otter Tail news, CFO Kevin G. Moug sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $69,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP George A. Koeck sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total transaction of $139,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,900 shares of company stock worth $318,570. Company insiders own 1.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in OTTR. Renaissance Technologies LLC increased its stake in Otter Tail by 29.7% in the 2nd quarter. Renaissance Technologies LLC now owns 555,510 shares of the utilities provider’s stock valued at $21,998,000 after buying an additional 127,110 shares during the period. Assenagon Asset Management S.A. acquired a new position in Otter Tail in the 4th quarter valued at approximately $3,355,000. Vanguard Group Inc. increased its stake in Otter Tail by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,507,682 shares of the utilities provider’s stock valued at $138,904,000 after buying an additional 74,533 shares during the period. Northern Trust Corp increased its stake in Otter Tail by 8.3% in the 2nd quarter. Northern Trust Corp now owns 956,660 shares of the utilities provider’s stock valued at $37,885,000 after buying an additional 72,974 shares during the period. Finally, 361 Capital LLC acquired a new position in Otter Tail in the 3rd quarter valued at approximately $2,038,000. Hedge funds and other institutional investors own 41.19% 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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