Flagship Harbor Advisors LLC Decreases Stake in Otter Tail Co. by 3.9% in First Quarter

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Otter Tail ($NASDAQ:OTTR) Co. (OTTR) is a Minnesota-based public company that produces electrical, manufacturing, and plastics products. The company is a well-known provider of essential goods and services to its customers, primarily in the Upper Midwestern United States. This decrease follows a period of relative stability for the company’s stock over the past year. The news of Flagship Harbor Advisors LLC’s decrease in its stake in Otter Tail Co. has caused some concern among investors, with many wondering if other large shareholders will follow suit.

As such, the company’s stock price has seen a slight dip since the news was reported. Nevertheless, many analysts remain optimistic about Otter Tail Co.’s future prospects and believe that the company remains an attractive investment for long-term investors.

Analysis

At GoodWhale, we have analyzed the financials of OTTER TAIL in order to determine the risk rating of this investment. After careful review, we have assigned OTTER TAIL a low risk investment in terms of financial and business aspects. However, we have identified one risk warning in the income statement. To learn more about this risk warning, please register on goodwhale.com. We provide detailed insights about the financials and risks associated with investing in OTTER TAIL. This will help you make an informed decision regarding your investment. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Otter Tail. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Otter Tail. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Otter Tail. More…

Key Ratios Snapshot

Some of the financial key ratios for Otter Tail are shown below. 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

Investing analysis of Otter Tail Co. has revealed a decrease in shares held by Flagship Harbor Advisors LLC of 3.9% in the first quarter. This decrease could indicate a shift in investor sentiment, with potential implications for future investments in the company. As such, investors should monitor the company’s performance and fluctuating stock prices to determine if it is a worthwhile investment opportunity.