Otter Tail (NASDAQ:OTTR) Announces Quarterly Earnings Results

Otter Tail (NASDAQ:OTTR) announced its quarterly earnings data on Monday. The utilities provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.15, Zacks reports. Otter Tail had a return on equity of 15.21% and a net margin of 21.34%.The business had revenue of $334.38 million during the quarter, compared to analyst estimates of $326.13 million. During the same period in the prior year, the company earned $1.85 earnings per share. Otter Tail’s revenue was up .4% compared to the same quarter last year. Otter Tail updated its FY 2026 guidance to 5.680-6.080 EPS.

Otter Tail Price Performance

Shares of NASDAQ OTTR opened at $90.16 on Tuesday. The stock has a market cap of $3.79 billion, a PE ratio of 13.52 and a beta of 0.45. Otter Tail has a fifty-two week low of $74.15 and a fifty-two week high of $95.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.64 and a current ratio of 2.04. The stock has a fifty day moving average of $89.34 and a 200-day moving average of $88.21.

Otter Tail Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a $0.5775 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.31 annualized dividend and a dividend yield of 2.6%. Otter Tail’s payout ratio is 34.63%.

Analyst Ratings Changes

A number of research analysts have recently commented on OTTR shares. Siebert Williams Shank cut Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Wednesday, May 6th. UBS Group reissued a “reduce” rating on shares of Otter Tail in a report on Friday, May 29th. Zacks Research cut Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings raised shares of Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Otter Tail in a research report on Monday, June 1st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Otter Tail has an average rating of “Hold” and an average price target of $86.00.

Institutional Trading of Otter Tail

Institutional investors have recently added to or reduced their stakes in the stock. Birchwood Financial Partners Inc. purchased a new position in Otter Tail during the 4th quarter valued at about $40,000. Beacon Pointe Advisors LLC bought a new position in shares of Otter Tail in the fourth quarter valued at approximately $225,000. XTX Topco Ltd boosted its position in shares of Otter Tail by 538.3% in the fourth quarter. XTX Topco Ltd now owns 32,434 shares of the utilities provider’s stock valued at $2,621,000 after acquiring an additional 27,353 shares during the period. Wellington Management Group LLP bought a new stake in Otter Tail during the 4th quarter worth approximately $2,831,000. Finally, Millennium Management LLC lifted its stake in Otter Tail by 12.5% in the 4th quarter. Millennium Management LLC now owns 146,518 shares of the utilities provider’s stock worth $11,840,000 after purchasing an additional 16,235 shares in the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

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.