Infrastructure Capital Advisors LLC Acquires New Stake in Otter Tail Corporation $OTTR

Infrastructure Capital Advisors LLC acquired a new stake in Otter Tail Corporation (NASDAQ:OTTR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,924 shares of the utilities provider’s stock, valued at approximately $623,000.

Other hedge funds also recently bought and sold shares of the company. LSV Asset Management boosted its stake in shares of Otter Tail by 217.6% during the fourth quarter. LSV Asset Management now owns 536,941 shares of the utilities provider’s stock valued at $43,390,000 after purchasing an additional 367,869 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Otter Tail in the second quarter worth about $7,778,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Otter Tail by 786.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 56,235 shares of the utilities provider’s stock worth $4,550,000 after buying an additional 49,891 shares during the period. SG Americas Securities LLC increased its stake in Otter Tail by 86.8% in the 1st quarter. SG Americas Securities LLC now owns 25,504 shares of the utilities provider’s stock worth $2,238,000 after buying an additional 11,850 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Otter Tail by 30.8% during the 1st quarter. Royal Bank of Canada now owns 178,161 shares of the utilities provider’s stock valued at $15,637,000 after buying an additional 41,924 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on OTTR. KeyCorp reissued a “sector weight” rating on shares of Otter Tail in a research report on Monday, June 1st. Siebert Williams Shank lowered shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Otter Tail from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, UBS Group reiterated a “reduce” rating on shares of Otter Tail in a report on Friday, May 29th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $86.00.

Otter Tail Stock Performance

Shares of Otter Tail stock opened at $90.86 on Monday. The firm has a market cap of $3.82 billion, a P/E ratio of 19.58 and a beta of 0.45. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.60. Otter Tail Corporation has a 12 month low of $74.15 and a 12 month high of $95.09. The stock’s fifty day moving average price is $90.79 and its 200-day moving average price is $88.68.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.15. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.The firm had revenue of $334.38 million during the quarter, compared to the consensus estimate of $326.13 million. During the same period in the previous year, the company posted $1.85 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. On average, equities research analysts expect that Otter Tail Corporation will post 5.88 earnings per share for the current fiscal year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a $0.5775 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.31 annualized dividend and a dividend yield of 2.5%. Otter Tail’s payout ratio is currently 49.78%.

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.