KeyCorp Predicts Otter Tail’s Q3 Earnings (NASDAQ:OTTR)

Otter Tail Corporation (NASDAQ:OTTR) – Stock analysts at KeyCorp increased their Q3 2026 earnings per share estimates for Otter Tail in a research report issued on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $1.57 for the quarter, up from their previous forecast of $1.43. The consensus estimate for Otter Tail’s current full-year earnings is $5.96 per share. KeyCorp also issued estimates for Otter Tail’s Q4 2026 earnings at $1.01 EPS, FY2028 earnings at $4.02 EPS, FY2029 earnings at $4.44 EPS and FY2030 earnings at $4.96 EPS.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. Otter Tail had a net margin of 14.83% and a return on equity of 14.56%. The firm had revenue of $334.38 million for the quarter, compared to the consensus estimate of $326.13 million. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 earnings per share.

Separately, Weiss Ratings upgraded shares of Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $86.00.

Otter Tail Trading Up 0.4%

Shares of OTTR stock opened at $89.38 on Thursday. Otter Tail has a 52-week low of $74.15 and a 52-week high of $95.09. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 13.74 and a beta of 0.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.36 and a current ratio of 1.71. The firm has a fifty day moving average of $89.99 and a 200-day moving average of $89.32.

Otter Tail Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a $0.5775 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.31 dividend on an annualized basis and a dividend yield of 2.6%. Otter Tail’s dividend payout ratio is presently 49.78%.

Hedge Funds Weigh In On Otter Tail

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jupiter Topco LLC acquired a new stake in Otter Tail in the 2nd quarter valued at $1,611,000. Contravisory Investment Management Inc. bought a new position in shares of Otter Tail during the second quarter valued at $7,778,000. Legal & General Group Plc acquired a new stake in shares of Otter Tail in the 2nd quarter valued at $7,674,000. PDT Partners LLC acquired a new stake in shares of Otter Tail in the 2nd quarter valued at $2,429,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Otter Tail in the 2nd quarter valued at $1,513,000. Institutional investors own 61.32% of the company’s stock.

About Otter Tail

Otter Tail Corporation is a diversified operating company headquartered in Fergus Falls, Minnesota. Through its principal subsidiary, Otter Tail Power Company, it generates, transmits and distributes electricity to residential, commercial, industrial and municipal customers in Minnesota, North Dakota and South Dakota.

Otter Tail Power Company operates a mix of generation resources and maintains the transmission and distribution infrastructure needed to deliver electricity across its service territory.