Allspring Global Investments Holdings LLC Lifts Stake in Otter Tail Co.
January 30, 2023
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Otter Tail ($NASDAQ:OTTR) Co. (NASDAQ:OTTR) is a publicly traded American manufacturing, electric utility and healthcare company headquartered in Fergus Falls, Minnesota. The company’s core operations involve electric utilities, general manufacturing, plastics and rubber products, and healthcare services. Recently, Allspring Global Investments Holdings LLC has lifted its stake in Otter Tail Co. Allspring is an investment firm that specializes in buying and selling publicly traded stocks. The firm has invested in a portfolio of companies who are leaders in their respective industries. With their investment in Otter Tail Co., Allspring Global has placed their bets on the future of this iconic Minnesota company. Otter Tail Co. has seen its share of ups and downs over the years. It has had to adjust to changes in the economy, regulations and consumer demand.
The company’s management team has worked hard to ensure the company’s success by investing in new technologies and expanding into markets with strong potential. The increases in revenue and profits over the past few years are a testament to the strength of the company’s management team and their ability to adapt and grow. The firm believes that the company is on the right track and that their investment will help to drive continued success in the years to come. With their investment, Allspring Global will have a seat at the table when it comes to decisions related to business strategy and growth. Otter Tail Co. has been an integral part of the Minnesota economy for more than a century, and with the recent investment from Allspring Global Investments Holdings LLC, it looks like that history will continue for many more years to come.
Market Price
On Monday, OTTER TAIL stock opened at $61.8 and closed at $61.7, down by only 0.1% from its prior closing price of 61.7. This slight dip in the stock price was expected as the news of the investment from Allspring Global Investments Holdings LLC was making its way through the market. They provide a variety of services including electricity, natural gas, water, wastewater, and telecommunications services.
In addition, they produce and manufacture a wide range of industrial products. Their products are primarily used in the manufacturing, construction, and energy industries. Otter Tail Co. is well known for their commitment to sustainability and the environment. They have made several investments in clean energy projects and have implemented energy-efficiency measures in their facilities. They also have a strong record of providing quality customer service. This additional investment will help the company continue to grow and expand its operations. Shareholders can expect to see positive returns in the near future as the company continues to build on its success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Otter Tail. More…
| Total Revenues | Net Income | Net Margin |
| 1.49k | 293.8 | 19.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Otter Tail. More…
| Operations | Investing | Financing |
| 364.46 | -181.98 | -110.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Otter Tail. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.9k | 1.71k | 26.82 |
Key Ratios Snapshot
Some of the financial key ratios for Otter Tail are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.3% | 47.4% | 27.3% |
| FCF Margin | ROE | ROA |
| 12.5% | 22.1% | 8.8% |
VI Analysis
The VI App is a comprehensive tool for investors to evaluate the long-term potential of companies. It simplifies the analysis of a company’s fundamentals and provides a risk rating based on financial and business aspects. The application has detected one risk warning in the income sheet of OTTER TAIL, a low-risk investment. The app provides investors with a snapshot of the company’s financials, including its balance sheet, income statement, cash flow statement, and other important indicators. Users can also see how a company’s stock price has performed over time. Furthermore, the app provides insight into a company’s management, including their experience and qualifications. The app also offers guidance on general factors that affect the stock market and helps investors identify potential risks. It provides useful information on macroeconomic trends and industry-specific news. Finally, the app offers an analysis of the company’s financial performance and its competitive position in the market. Overall, the VI App is an invaluable tool for investors who want to get a better understanding of a company’s fundamentals and assess its long-term potential. By taking into account the various factors that can affect a company’s stock price, investors can make more informed decisions about their investments. Furthermore, by registering with us, investors can learn more about the risk warnings found in OTTER TAIL’s income sheet. More…
VI Peers
In the electric utility industry, there is intense competition between Otter Tail Corp and its competitors: NextEra Energy Inc, DTE Energy Co, Exelon Corp. These companies are all vying for market share in the electric utility industry.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc is a clean energy company with a market cap of 156.59B as of 2022. The company has a Return on Equity of 6.09%. NextEra Energy Inc is the world’s largest generator of renewable energy from the wind and sun. The company also owns Florida Power & Light Company, one of the nation’s largest electric utilities.
– DTE Energy Co ($NYSE:DTE)
DTE Energy Co is a publicly traded energy company headquartered in Detroit, Michigan. The company is involved in the generation, transmission, and distribution of electricity and natural gas. As of 2022, the company had a market capitalization of 21.77 billion dollars and a return on equity of 12.47%. The company is the largest provider of electricity and natural gas in Michigan, serving over 3 million customers.
– Exelon Corp ($NASDAQ:EXC)
Exelon Corp is a publicly traded company with a market capitalization of $36.95 billion as of 2022. The company has a return on equity of 11.0%. Exelon Corp is engaged in the generation, transmission, and distribution of electricity and natural gas. The company operates through four business segments: Exelon Generation, Exelon Utilities, Exelon Business Services, and Exelon Transmission.
Summary
Investing analysis on Otter Tail has been largely positive in recent news coverage. Allspring Global Investments Holdings LLC recently increased their stake in the company, which reflects investor confidence in the company. Otter Tail is a diversified operations company that provides essential products and services in the areas of energy, healthcare, transportation, and manufacturing.
They offer a variety of solutions designed to meet customers’ needs and help them succeed. Investors have high hopes for the company as they move forward, and the increased stake from Allspring Global Investments Holdings LLC is a reflection of this optimism.
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