News stories about Otter Tail Corporation (NASDAQ:OTTR) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Otter Tail Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.7347755338293 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Otter Tail Corporation (OTTR) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Otter Tail Corp. : OTTR-US: Dividend Analysis : August 15th, 2017 (record date) : By the numbers : September 14, 2017 (finance.yahoo.com)
- Cleco Corporate Holdings (CNL) and Otter Tail Corporation (OTTR) Financial Survey (americanbankingnews.com)
- Otter Tail Corporation (OTTR) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
Several research analysts recently weighed in on OTTR shares. Zacks Investment Research lowered Otter Tail Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. BidaskClub upgraded Otter Tail Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.
Otter Tail Corporation (NASDAQ OTTR) traded up 0.94% on Friday, reaching $43.00. The company’s stock had a trading volume of 213,674 shares. The firm has a 50 day moving average price of $41.68 and a 200 day moving average price of $39.58. Otter Tail Corporation has a 52 week low of $33.08 and a 52 week high of $43.30. The stock has a market capitalization of $1.70 billion, a P/E ratio of 24.76 and a beta of 0.79.
Otter Tail Corporation (NASDAQ:OTTR) last released its earnings results on Monday, August 7th. The utilities provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $211.30 million. Otter Tail Corporation had a net margin of 8.35% and a return on equity of 10.14%. Otter Tail Corporation’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. On average, equities analysts anticipate that Otter Tail Corporation will post $1.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Tuesday, August 15th were paid a $0.32 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.28 annualized dividend and a yield of 2.98%. Otter Tail Corporation’s payout ratio is currently 74.42%.
In other news, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $41.75, for a total transaction of $62,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.
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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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