Andrew Miller Named Vice President of Finance at Otter Tail Power Company
December 18, 2023
🌥️Trending News
Otter Tail ($NASDAQ:OTTR) Power Company has recently announced the appointment of Andrew Miller as its Vice President of Finance. The company’s diversified portfolio of energy services includes electricity, propane, and renewables. With his wealth of financial knowledge and experience, Andrew will be instrumental in leading the company’s financial strategy.
His primary responsibility is to oversee the financial operations of the company and ensure that the finances are managed in an efficient manner. Otter Tail Power Company’s stockholders can be sure that with Andrew at the helm, the financial decision-making process will be in capable hands.
Market Price
The news of this appointment was welcomed by the market, as OTTER TAIL stock opened at $74.6 and closed at $76.3, a 2.4% increase from the prior closing price of $74.5. Miller will assumed his role effective immediately, and he will be responsible for providing strategic financial guidance while helping to manage the company’s overall financials. He brings a wealth of experience to the role, having previously served in multiple senior financial positions in the energy industry. The company is confident that his financial acumen and knowledge of the sector will be beneficial in supporting their long-term financial objectives. 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 |
| 1.34k | 278.43 | 20.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Otter Tail. More…
| Operations | Investing | Financing |
| 419.83 | -279.53 | -24.07 |
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 |
| 3.19k | 1.78k | 33.63 |
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 |
| 15.0% | 33.9% | 28.5% |
| FCF Margin | ROE | ROA |
| 10.6% | 17.4% | 7.5% |
Analysis
At GoodWhale, we performed an analysis on OTTER TAIL‘s wellbeing. According to our Star Chart classification, OTTER TAIL is classified as ‘rhino’ – a type of company that has achieved moderate revenue or earnings growth. Investors interested in such companies may be looking for a moderately profitable company with a strong asset base, good dividend payouts, stable growth, and solid profitability. OTTER TAIL is particularly strong in these areas, and our analysis also shows that they have a high health score of 8/10 with regard to their cashflows and debts. This means that they are capable of paying off their debts and funding their future operations. All in all, OTTER TAIL looks to be a safe investment option with good returns for those looking for a moderate growth strategy. More…
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
OTTER TAIL, a publicly-traded utility company, recently announced the appointment of Andrew Miller as its Vice President of Finance. Miller has a wealth of experience in the financial industry, and his appointment is expected to bring a new level of insight to OTTER TAIL’s investing strategies. Analysts are optimistic that Miller’s expertise will lead to increased ROI, as he is expected to leverage his knowledge of capital markets and financial analysis to help identify new opportunities and maximize returns. With Miller at the helm, investors can look forward to a well-rounded approach to create value for OTTER TAIL shareholders.
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