Otter Tail (NASDAQ:OTTR) Issues Quarterly Earnings Results

Otter Tail (NASDAQ:OTTR) announced its earnings results on Monday. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31, Zacks reports. Otter Tail had a net margin of 21.16% and a return on equity of 15.36%. Otter Tail updated its FY 2026 guidance to 5.220-5.620 EPS.

Otter Tail Trading Down 0.2%

Shares of Otter Tail stock traded down $0.19 during mid-day trading on Monday, hitting $90.59. 344,096 shares of the stock were exchanged, compared to its average volume of 264,079. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 13.81 and a beta of 0.47. Otter Tail has a twelve month low of $73.74 and a twelve month high of $92.24. The company has a current ratio of 2.28, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $87.49 and a 200 day simple moving average of $84.89.

Hedge Funds Weigh In On Otter Tail

Institutional investors and hedge funds have recently modified their holdings of the company. Birchwood Financial Partners Inc. acquired a new stake in Otter Tail during the fourth quarter worth approximately $40,000. Aster Capital Management DIFC Ltd acquired a new position in Otter Tail in the 4th quarter valued at $41,000. UMB Bank n.a. raised its holdings in Otter Tail by 302.5% in the 4th quarter. UMB Bank n.a. now owns 644 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 484 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Otter Tail during the 2nd quarter worth $53,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Otter Tail by 43.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 950 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of Otter Tail from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Weiss Ratings cut Otter Tail from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $83.00.

Otter Tail Company Profile

Otter Tail Corporation, through its primary subsidiary Otter Tail Power Company, is a regulated electric utility engaged in the generation, transmission and distribution of electricity. The company operates a diversified portfolio of owned and contracted power generation facilities, including coal, natural gas, wind and hydroelectric units, supplemented by long-term power purchase agreements. In addition to utility operations, Otter Tail provides related engineering, construction and maintenance services to support grid reliability and efficiency.

The company’s service territory covers a predominantly rural footprint in the Upper Midwest, including communities in west-central Minnesota, eastern North Dakota, northwest Wisconsin and small portions of South Dakota.