Linden Thomas Advisory Services LLC Acquires 2,124 Shares of Otter Tail Corporation $OTTR

Linden Thomas Advisory Services LLC boosted its holdings in shares of Otter Tail Corporation (NASDAQ:OTTR) by 25.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,633 shares of the utilities provider’s stock after purchasing an additional 2,124 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Otter Tail were worth $820,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OTTR. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Otter Tail by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,878 shares of the utilities provider’s stock worth $1,437,000 after buying an additional 375 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Otter Tail during the first quarter worth $662,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Otter Tail by 51.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,838 shares of the utilities provider’s stock valued at $881,000 after acquiring an additional 3,685 shares during the period. Goodman Advisory Group LLC acquired a new stake in shares of Otter Tail in the 1st quarter valued at $54,000. Finally, Monument Capital Management bought a new stake in shares of Otter Tail in the 1st quarter worth about $216,000. 61.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OTTR. Zacks Research raised shares of Otter Tail to a “hold” rating in a report on Friday, October 17th. Weiss Ratings raised Otter Tail from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Otter Tail Price Performance

Shares of OTTR stock opened at $78.55 on Monday. Otter Tail Corporation has a 1 year low of $71.66 and a 1 year high of $88.36. The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $81.53 and its 200-day moving average is $79.43. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.55 and a beta of 0.54.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. Otter Tail had a net margin of 21.82% and a return on equity of 16.85%. The firm had revenue of $333.04 million during the quarter, compared to analysts’ expectations of $329.60 million. During the same quarter in the previous year, the company posted $2.07 EPS. Otter Tail’s revenue was down 2.7% on a year-over-year basis. Otter Tail has set its FY 2025 guidance at 6.060-6.46 EPS. Sell-side analysts forecast that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 15th. Otter Tail’s dividend payout ratio is 30.88%.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets.