How to Buy Otter Tail Stock
Otter Tail Corp
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States.
Otter Tail stock last closed at $85.04, up 0.9% from the previous day, and has increased 15.65% in one year. It has overperformed other stocks in the Utilities - Diversified industry by 0.26 percentage points. Otter Tail stock is currently +23.32% from its 52-week low of $68.96, and -14.52% from its 52-week high of $99.49.
There are currently 41.71M shares of OTTR outstanding. The market value of OTTR is $3.55B. In the last 24 hours, 171,697 OTTR shares were traded.
How to Buy Otter Tail Stock
Wondering how to invest in Otter Tail stock? Here's how.
- Figure out where to buy Otter Tail stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Otter Tail stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Research Otter Tail stock: The Otter Tail ticker symbol is OTTR. Is Otter Tail stock a good investment? Should you buy shares of OTTR? How do OTTR's underlying business fundamentals look? Do top analysts think Otter Tail is a good buy? Why has OTTR's stock price moved recently? (Hint: Our stock market research website can help you figure out if OTTR is a good stock to buy).
- Place your OTTR trade: Decide if you will purchase OTTR shares at the current market price or use a limit order to buy OTTR stock at a given price.
- Track your OTTR investment: Create a watchlist to track your position in Otter Tail stock.
Step 1: Figure out where to buy Otter Tail stock
You need an online brokerage account to access the NASDAQ market and buy OTTR stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal details so you can buy OTTR today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Watch this video walkthrough for more details depositing money into your brokerage account.
Step 4: Research Otter Tail stock
After you have figured out the best place to buy Otter Tail stock, it's crucial to research their stock prior to buying, so you truly wrap your head around the risk and opportunity.
Otter Tail shares at a glance
Otter Tail Fundamentals
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on OTTR's stock page.
Is OTTR stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge OTTR's fair value.
Using relative valuations measures:
- OTTR may be undervalued based on its P/E ratio of 12.05x, relative to Utilities - Diversified industry P/E ratio of 42.24x
- OTTR could be overvalued based on its P/B ratio of 2.46x, relative to Utilities - Diversified industry P/B ratio of 1.59x
You can access additional valuation analysis on OTTR's stock here.
OTTR Financial Health
Passed Financial Due Diligence Checks:
- Total OTTR debt is lower than 5 years ago, relative to shareholder equity.
- OTTR profit margin has gone up from 19.5% to 21.8% in the past year.
- OTTR earnings of $401.17M is not enough to cover its interest payments.
- OTTR's operating cash flow of $404.50M allows it to safely service it's debt of $905.48M.
- There are more short-term assets than short-term liabilities on the OTTR balance sheet.
Failed Financial Due Diligence Checks:
- OTTR has a relatively high debt to equity ratio of 1.25.
- There are more long-term liabilities than short-term assets on the OTTR balance sheet.
You can dig deeper into what analysts are forecasting on the Otter Tail stock forecast page.
OTTR Technicals
OTTR Performance Metrics
Last year, OTTR earnings were $294.19M. During the past 5 year, OTTR's earnings have grown by 27.69% per year. This was faster than the Utilities - Diversified industry average of 7.85%.
Last year, OTTR revenue was $1.35B. Over the past five year, OTTR's revenue has increased by 8.04% per year. This was slower than the Utilities - Diversified industry average of 10.53%.
Dig into OTTR's earnings and revenue performance here.
Latest Insiders Trades at OTTR
Over the last 12 months, insiders at OTTR have bought more shares than they have sold.
Todd R. Wahlund, Chief Financial Officer of OTTR, was the latest OTTR insider to sell. They sold $19,405.46 worth of OTTR shares on Apr 8, 2024.
Learn more about who owns OTTR shares here.
Can I rely on OTTR as an income stream?
Otter Tail pays a dividend of 2.09%, compared to the Utilities - Diversified industry's average dividend yield of 4.56%. If you owned $1,000 worth of OTTR stock, you would have received $20.93 last year.
Otter Tail dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Otter Tail dividend yield and history here.
OTTR Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your OTTR trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and your broker will execute the order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Track your OTTR investment
Now that you own some OTTR shares, you'll want to keep up with your investment.
Create a watchlist to track the latest developments regarding your OTTR stock.
OTTR Feed
How to Buy Stock in Otter Tail
To reiterate, here are the 6 steps for buying Otter Tail stock:
- Figure out where to buy Otter Tail stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Research Otter Tail stock
- Place your OTTR trade
- Track your OTTR investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Otter Tail, hit the button below to create your watchlist.
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