Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Otter Tail Corporation    OTTR

News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Otter Tail : stock rises to new high

share with twitter share with LinkedIn share with facebook
share via e-mail
12/01/2016 | 07:22pm CET

Dec. 01--One way to add wealth to Fergus Falls is to shop local.

Another way is through natural resources, such as farming, mining or tourism.

Yet another way is to bring money into the community through investments, and with the stock price of Otter Tail Corp. going up, it is bringing some green to people invested in the Fergus Falls-based company, said financial adviser Larry Dorn, whose office is right across the street from Otter Tail Corp and subsidiary Otter Tail Power Co.

"There is a lot of that stock in the area here, and there are a lot of smiling faces right now, I am sure," Dorn said.

The 52-week high for Otter Tail Corp. was set Tuesday, at $39.75. The company is listed on the Nasdaq as OTTR. The stock price hasn't been this high since 2008, when the company climbed to $45.09 in August but fell to $16.05 by November that volatile year.

November of this year was a surprise month, according to many investment news outlets. The Dow Jones was up 5.4 percent, its second best monthly performance of 2016 and its second best November since 2009. The S&P 500 was up 3.4 percent in November, and the Nasdaq up 2.6.

And December usually is a strong month for stock markets.

"We've had a nice market bull run, which helps equities in general," Dorn said.

He said Otter Tail pays a nice dividend, which attract investors.

"We've always been optimistic on Otter Tail as a long-term buy," he said.

He said with utilities not many shares get traded daily, so if an investor moves some stock, it can attract other buyers and sellers. And by "investor" that often can be an entire financial institution, rather than a wealthy person.

The recent announcement of Otter Tail Power to build a $250 million wind farm in North Dakota might have garnered some attention, or perhaps was good for the company's portfolio, but was more likely one factor along with other positive developments happening in the company coinciding with a good November market.

"At any rate, it has a nice tone to it," Dorn said.

Besides electricity, Otter Tail Corp. operates in manufacturing and plastics.

According to Morningstar, an independent investment research company, Otter Tail Corp. has a stock performance this year of 52.8 percent return on investment.


(c)2016 the Fergus Falls Daily Journal (Fergus Falls, Minn.)

Visit the Fergus Falls Daily Journal (Fergus Falls, Minn.) at www.fergusfallsjournal.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
12/01 OTTER TAIL : stock rises to new high
11/17 OTTER TAIL CORPORATION (NASDAQ : OTTR) Files An 8-K Entry into a Material Defini..
11/17 EDF RENEWABLE ENERGY : Signs Agreement with Otter Tail Power Company
11/17 OTTER TAIL CORP : Entry into a Material Definitive Agreement (form 8-K)
11/17 Otter Tail Power Company announces purchase of new wind farm in North Dakota
11/10 OTTER TAIL CORPORATION : ex-dividend day
11/07 OTTER TAIL : Management's Discussion and Analysis of Financial Condition and Res..
11/03 OTTER TAIL CORP : Entry into a Material Definitive Agreement, Results of Operati..
11/03 OTTER TAIL : posts 3Q profit
11/02 Otter Tail Corporation Announces Third Quarter Earnings, Reaffirms 2016 Earni..
More news
Sector news : Electric Utilities - NEC
12/09 TOKYO ELECTRIC POWER : Japan nearly doubles Fukushima disaster-related cost to $..
12/08 Germany's highest court to rule on nuclear fuel tax in 2017
12/08 National Grid picks Macquarie-led group for $7 billion gas grid stake sale
12/08 TOKYO ELECTRIC POWER : Japan to increase loan to Fukushima operator Tepco to $12..
12/06DJORIGIN ENERGY : to Sell Oil-and Gas Operations Through IPO -- Update
More sector news : Electric Utilities - NEC
News from SeekingAlpha
11/05 Otter's (OTTR) CEO Chuck MacFarlane on Q3 2016 Results - Earnings Call Transc..
11/02 Otter Tail declares $0.3125 dividend
11/02 Otter Tail misses by $0.08, misses on revenue
11/01 Notable earnings after Wednesday?s close
09/30 Chasing Yield In September Tested My Mettle
Duration : Period :
Otter Tail Corporation Technical Analysis Chart | OTTR | US6896481032 | 4-Traders
Full-screen chart
Technical analysis trends OTTER TAIL CORPOR...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 2
Average target price 40,0 $
Spread / Average Target -4,1%
Consensus details
Charles S. MacFarlane President, CEO, Chief Operating Officer & Director
Nathan Ivey Partain Chairman
Kevin G. Moug Chief Financial Officer & Senior Vice President
Karen M. Bohn Independent Director
John D. Erickson Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SOUTHERN CO2.46%46 981
IBERDROLA SA-11.05%39 133
More Results