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Otter Tail Corporation

public utility corporation Otter Tail Corporation, headquartered in Fergus Falls, Minnesota, USA. The business was established in 1907 and has since developed into a diversified energy firm with operations in electricity and gas distribution, renewable energy, and infrastructure.

Otter Tail Corporation's largest business segment is electric utility, Otter Tail Power Company. This company supplies southeastern and southwestern North Dakota, north-central South Dakota, and northwest Minnesota with electricity. It manages 637 transmission miles of line, 54 substations, and 143 distribution substations. It serves approximately 533,000 people.

Otter Tail Energy, a division of the corporation, owns and runs a 72-mile natural gas distribution system that serves over 195,000 clients in Minnesota and North Dakota. It also has an electric generating capacity of 313 MW from its six wind farms.

Knowing that Otter Tail Corporation's stock symbol is OTTR is crucial. It is listed on the NYSE, a well-known American stock exchange. Shareholders and potential investors can buy and sell stock in the business on this market.

Revenue and Earnings:

In 2021, Otter Tail Corporation's annual revenue was $863.7 million, with a net income of $106.9 million. Its revenue has been consistent over the past few years, with an annual growth rate of around 4%. Net income has fluctuated, but it has generally trended upward over the long term.

Otter Tail Corporation's earnings-per-share (EPS) is $4.41 as of the company's most recent financial report. The corporation pays a dividend to its shareholders, and its dividend yield at the moment is approximately 3.43%.

Otter Tail Corp (OTTR) key financial outcomes are as follows:

Revenue: 863.7 million USD (2021)

Net Income: 106.9 million USD (2021)

The Earnings-per-share (EPS) is $4.41.

Dividend yield: approximately 3.43%

Competition:

Much competition exists in the utility and energy sectors, in which Otter Tail Corporation operates. Other players in the sector include:

Otter Tail Corporation is in the top position among its competitors regarding market capitalization. Its market capitalization is $4.60 billion, while its rival, ALLETE Inc., has a market capitalization of $3.18 billion.

Growth Prospects:

Several things indicate Otter Tail Corporation's growth potential, including its consistent revenue and profit expansion, dedication to sustainability and renewable energy, and strategic acquisitions and investments. The corporation has recently put a lot of effort into renewable energy development, including wind and solar projects. Such initiatives will probably contribute to the company's long-term expansion.

Otter Tail Corp. OTTR) 5 year stock performance.

In the five years leading up to the most recent date, Otter Tail Corporation's stock (OTTR) has usually trended upwards, with a few volatility episodes. A high of $83.55 and a low of $35.90 have been seen in the stock during this time. Its 5-year return is around 46%, almost double the utility sector's 23% return and significantly higher than the S&P 500's return of roughly 11%. This information shows that Otter Tail Corporation has recently performed better than the larger market.

In conclusion, Otter Tail Corporation (OTTR) is a public utility corporation involved in the delivery of electricity, natural gas, and renewable energy. $863.7 million in revenue and $106.9 million in net income were reported for the company in 2021. Earnings per share (EPS) was $4.41, and its dividend yield was about 3.43%. The company's market capitalization is $4.60 billion, positioning it as a sector leader. Otter Tail Corp has demonstrated long-term growth potential with consistent revenue and profit expansion, a dedication to sustainability, and strategic takeovers and investments.