Otter Tail (OTTR) Receiving Somewhat Favorable News Coverage, Report Finds
Headlines about Otter Tail (NASDAQ:OTTR) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Otter Tail earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 47.0197121395486 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Otter Tail (OTTR) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS (americanbankingnews.com)
- Otter Tail (OTTR) Issues FY18 Earnings Guidance (americanbankingnews.com)
- Brokerages Anticipate Otter Tail Co. (OTTR) to Announce $0.44 EPS (americanbankingnews.com)
- Otter Tail (OTTR) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Otter Tail Co. (OTTR) Increases Dividend to $0.34 Per Share (americanbankingnews.com)
Shares of Otter Tail (NASDAQ OTTR) opened at $40.95 on Tuesday. The firm has a market capitalization of $1,633.72, a P/E ratio of 22.75 and a beta of 0.71. The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. Otter Tail has a 1-year low of $35.65 and a 1-year high of $48.65.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.335 per share. This is an increase from Otter Tail’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, February 14th. This represents a $1.34 annualized dividend and a dividend yield of 3.27%. Otter Tail’s payout ratio is currently 71.11%.
OTTR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Otter Tail from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, January 25th. BidaskClub downgraded Otter Tail from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. KeyCorp reiterated a “hold” rating on shares of Otter Tail in a report on Friday, October 20th. Finally, Sidoti downgraded Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 target price for the company. in a report on Monday, January 8th.
In other news, VP George A. Koeck sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total transaction of $139,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin G. Moug sold 1,500 shares of the business’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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,900 shares of company stock valued at $318,570. Corporate insiders own 1.40% of the company’s stock.
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About Otter Tail
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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