Vanguard Group Inc. Lowers Stock Holdings in Otter Tail Corporation $OTTR

Vanguard Group Inc. trimmed its stake in Otter Tail Corporation (NASDAQ:OTTR) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,059,480 shares of the utilities provider’s stock after selling 36,597 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Otter Tail worth $408,857,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Inspire Advisors LLC bought a new position in shares of Otter Tail in the third quarter worth approximately $1,046,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Otter Tail in the third quarter worth approximately $1,115,000. Benjamin Edwards Inc. bought a new position in shares of Otter Tail in the third quarter worth approximately $3,143,000. First Trust Advisors LP increased its position in shares of Otter Tail by 17.8% in the third quarter. First Trust Advisors LP now owns 1,464,613 shares of the utilities provider’s stock worth $120,054,000 after purchasing an additional 221,039 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Otter Tail by 77.3% in the third quarter. JPMorgan Chase & Co. now owns 605,504 shares of the utilities provider’s stock worth $49,633,000 after purchasing an additional 264,009 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OTTR shares. Weiss Ratings cut shares of Otter Tail from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Otter Tail from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Siebert Williams Shank cut shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Otter Tail Stock Up 0.2%

Shares of NASDAQ OTTR opened at $88.89 on Thursday. Otter Tail Corporation has a one year low of $74.15 and a one year high of $92.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.04 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $87.64 and its two-hundred day simple moving average is $85.05. The stock has a market capitalization of $3.73 billion, a P/E ratio of 13.33 and a beta of 0.47.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Otter Tail had a net margin of 21.34% and a return on equity of 15.21%. The business had revenue of $347.03 million for the quarter, compared to analysts’ expectations of $339.10 million. During the same period last year, the business earned $1.62 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Otter Tail has set its FY 2026 guidance at 5.220-5.620 EPS. As a group, analysts expect that Otter Tail Corporation will post 5.48 EPS for the current fiscal year.

Otter Tail Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, May 15th. Otter Tail’s dividend payout ratio (DPR) is presently 34.63%.

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.