Shares of Otter Tail Corporation (NASDAQ:OTTR) have been given an average broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a one year consensus price target of $43.50 for the company and are anticipating that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Otter Tail Corporation an industry rank of 179 out of 265 based on the ratings given to related companies.

OTTR has been the subject of several recent analyst reports. BidaskClub downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th.

Otter Tail Corporation (NASDAQ:OTTR) traded up 0.33% on Tuesday, reaching $45.25. The company had a trading volume of 48,984 shares. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 26.05 and a beta of 0.78. Otter Tail Corporation has a 12 month low of $33.45 and a 12 month high of $45.80. The company’s 50 day moving average price is $43.32 and its 200-day moving average price is $40.63.

Otter Tail Corporation (NASDAQ:OTTR) last released its earnings results on Monday, August 7th. The utilities provider reported $0.42 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $211.30 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Otter Tail Corporation will post $1.75 earnings per share for the current fiscal year.

In related news, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total transaction of $62,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in Otter Tail Corporation by 444.3% during the second quarter. Public Employees Retirement System of Ohio now owns 15,212 shares of the utilities provider’s stock valued at $602,000 after purchasing an additional 12,417 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Otter Tail Corporation by 9.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 309 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Otter Tail Corporation during the second quarter valued at approximately $1,320,000. Raymond James Financial Services Advisors Inc. boosted its position in Otter Tail Corporation by 5.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,781 shares of the utilities provider’s stock valued at $546,000 after purchasing an additional 703 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Otter Tail Corporation by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 30,993 shares of the utilities provider’s stock valued at $1,228,000 after purchasing an additional 1,437 shares during the last quarter. 40.60% of the stock is owned by hedge funds and other institutional investors.

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Otter Tail Corporation 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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