Otter Tail Corporation (OTTR) To Go Ex-Dividend on August 14th

Otter Tail Corporation (NASDAQ:OTTR) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.5775 per share by the utilities provider on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th.

Otter Tail has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Otter Tail has a dividend payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Otter Tail to earn $4.72 per share next year, which means the company should continue to be able to cover its $2.31 annual dividend with an expected future payout ratio of 48.9%.

Otter Tail Trading Up 3.0%

Shares of NASDAQ OTTR opened at $92.82 on Wednesday. Otter Tail has a twelve month low of $74.15 and a twelve month high of $95.00. The company has a current ratio of 2.04, a quick ratio of 1.64 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $89.43 and a 200-day simple moving average of $88.26. The stock has a market capitalization of $3.90 billion, a PE ratio of 13.92 and a beta of 0.45.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.15. Otter Tail had a return on equity of 14.58% and a net margin of 14.83%.The firm had revenue of $334.38 million for the quarter, compared to the consensus estimate of $326.13 million. During the same quarter in the previous year, the business earned $1.85 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. On average, equities analysts forecast that Otter Tail will post 5.54 earnings per share for the current year.

Institutional Investors Weigh In On Otter Tail

A number of hedge funds have recently bought and sold shares of OTTR. Sound Income Strategies LLC grew its position in shares of Otter Tail by 248.8% during the first quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider’s stock worth $25,000 after buying an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Otter Tail by 129.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 376 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 212 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Otter Tail in the fourth quarter worth approximately $31,000. Motiv8 Investments LLC purchased a new position in Otter Tail in the fourth quarter worth approximately $34,000. Finally, SHP Wealth Management acquired a new position in Otter Tail during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds 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.