Franklin Resources Increases Stake in Otter Tail Co
June 10, 2023
🌥️Trending News
Franklin Resources Inc. recently announced that it has increased its ownership of Otter Tail ($NASDAQ:OTTR) Co’s shares. This is a major move for the investment firm, as Otter Tail Co is a publicly traded diversified manufacturing and infrastructure company based in Minnesota. The company’s products and services range from electrical equipment and components for the energy, industrial, commercial, and residential markets, to plastics and aerospace applications, to automotive and industrial components, to steel fabrication and water management systems. The company also owns and operates several power generation facilities in the United States and Canada.
With its wide range of products and services, Otter Tail Co is well positioned to take advantage of the current growth in the manufacturing and infrastructure sectors. The additional investment from Franklin Resources Inc. will help to further strengthen Otter Tail Co’s position as a leader in the industry.
Stock Price
Franklin Resources Inc., a San Mateo, California-based investment management company, has recently increased its stake in Otter Tail Co. On Friday, OTTER TAIL stock opened at $77.3 and closed at $77.6, an increase of 0.8% from the previous closing price of 77.0. It is yet to be seen what other impacts this investment will have on the company’s stock prices or future investments. 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 |
| 1.42k | 274.66 | 19.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Otter Tail. More…
| Operations | Investing | Financing |
| 399.45 | -244 | -52.74 |
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 |
| 2.99k | 1.72k | 28.44 |
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 |
| 16.2% | 40.4% | 26.7% |
| FCF Margin | ROE | ROA |
| 11.2% | 19.2% | 8.0% |
Analysis
GoodWhale has conducted an analysis of OTTER TAIL‘s fundamentals and found that this company is well-positioned to fund current and future operations. According to the Star Chart, OTTER TAIL has a high health score of 8/10, indicating strong cashflows and debt that can be paid off easily. In addition, OTTER TAIL is strong in dividend and growth, and medium in asset and profitability. We classify OTTER TAIL as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given these positive metrics, we believe that investors looking for stability and potential for high returns would be interested in OTTER TAIL. Long term investors who value dividend payments may find OTTER TAIL particularly attractive. Furthermore, those who prioritize growth may also benefit from investing in OTTER TAIL as the company is well-positioned to fund its current and future operations. 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
Investors have taken a strong interest in Otter Tail Co. lately, with Franklin Resources Inc. increasing its holdings in the company. Recent financial reports have shown strong profits and revenue growth, as Otter Tail Co. has demonstrated the ability to deliver high returns on investments through a combination of acquisitions, organic growth initiatives, and cost-cutting measures. The dividend yield from Otter Tail Co. is also attractive to investors, as it provides a steady and reliable source of income from their investments. Looking forward, Otter Tail Co. appears to be well positioned to continue its successful performance, making it an attractive option for investors looking for a long-term return on their investments.
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