Capstone Investment Advisors LLC Purchases Shares of 16,814 Otter Tail Corporation $OTTR

Capstone Investment Advisors LLC purchased a new position in Otter Tail Corporation (NASDAQ:OTTR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,814 shares of the utilities provider’s stock, valued at approximately $1,513,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OTTR. Sound Income Strategies LLC lifted its position in shares of Otter Tail by 248.8% in the first quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Otter Tail by 129.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 376 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Otter Tail in the 4th quarter worth approximately $31,000. Motiv8 Investments LLC bought a new position in Otter Tail in the 4th quarter worth approximately $34,000. Finally, Jones Financial Companies Lllp purchased a new stake in Otter Tail during the 2nd quarter valued at approximately $39,000. 61.32% of the stock is owned by hedge funds and other institutional investors.

Otter Tail Stock Down 0.7%

Shares of NASDAQ OTTR opened at $91.68 on Friday. 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 firm’s 50-day moving average price is $91.10 and its 200-day moving average price is $88.80. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.76 and a beta of 0.45.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.66 EPS for the quarter, topping 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 company had revenue of $334.38 million during the quarter, compared to analyst estimates of $326.13 million. During the same quarter last year, the business posted $1.85 earnings per share. The firm’s 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 anticipate that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.5%. Otter Tail’s payout ratio is 49.78%.

Analysts Set New Price Targets

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

About Otter Tail

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.