Otter Tail Corporation (OTTR): Today's Featured Utilities Loser

The utilities sector closed the day up 1.7%. American DG Energy Inc ( ADGE), Dynegy Inc ( DYN), Transportadora de Gas del Sur ( TGS), and Delta Natural Gas Company ( DGAS) were all decliners today within the utilities sector with Otter Tail Corporation ( OTTR) being today's featured utilities loser. Otter Tail Corporation fell 49 cents (-2.7%) to $18.89 on light volume. Throughout the day, 107,871 shares of Otter Tail Corporation exchanged hands as compared to its average daily volume of 170,800 shares.

Otter Tail Corporation engages in electric and nonelectric operations in the United States and internationally. It operates in six segments: Electric, Plastics, Manufacturing, Health Services, Food Ingredient Processing, and Other Business Operations. Otter Tail Corporation has a market cap of $658.5 million and is part of the utilities industry. The company has a P/E ratio of 29.5, above the average utilities industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7. Shares are down 19% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Otter Tail as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins.

On the positive front, Ocean Power Technologies ( OPTT), GreenHunter Energy Inc ( GRH), U.S. Geothermal Inc ( HTM), and Evergreen Energy Inc ( EEE) were all gainers within the utilities sector with PG&E ( PCG) being today's featured utilities sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

null

More from Markets

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Stocks Dive Globally as U.S.-China Trade War Intensifies

Stocks Dive Globally as U.S.-China Trade War Intensifies

China Trade War, Google, JD.com, Tesla, Brooks Koepka - 5 Things You Must Know

China Trade War, Google, JD.com, Tesla, Brooks Koepka - 5 Things You Must Know

Google Invests $550 Million in JD.com and 4 Other Stories to Watch Monday

Google Invests $550 Million in JD.com and 4 Other Stories to Watch Monday

Global Oil Prices Mixed as OPEC Production Talks, China Tariffs Weigh on Markets

Global Oil Prices Mixed as OPEC Production Talks, China Tariffs Weigh on Markets