Otter Tail (OTTR) climbed to its 52-week high of $57.74 on November 1st, the Friday before it reported third quarter results on November 4th. Despite increasing revenue and net income year-over-year, the utility missed the average of analysts' estimates on both counts. It also narrowed its full-year guidance by lowering the high end of its range. Shares dropped over 10% in response.
Where Otter Tail Stands
Otter Tail is a diversified electric utility. It offers a secure and growing dividend through the utility segment's earnings. Earnings from its manufacturing and plastics segments are