Siebert Williams Shank Downgrades Otter Tail (NASDAQ:OTTR) to Hold

Otter Tail (NASDAQ:OTTR) was downgraded by stock analysts at Siebert Williams Shank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $86.00 target price on the utilities provider’s stock. Siebert Williams Shank’s price target points to a potential downside of 3.09% from the company’s current price.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Otter Tail from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Otter Tail from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Otter Tail currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Otter Tail Stock Down 2.0%

OTTR stock opened at $88.74 on Wednesday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.30 and a beta of 0.47. The company has a 50-day moving average of $87.57 and a two-hundred day moving average of $84.96. Otter Tail has a 52-week low of $73.74 and a 52-week high of $92.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.28 and a quick ratio of 1.83.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Otter Tail had a return on equity of 15.39% and a net margin of 21.34%.The business had revenue of $347.03 million for the quarter, compared to analyst estimates of $339.10 million. During the same period in the previous year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that Otter Tail will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Otter Tail

A number of institutional investors and hedge funds have recently bought and sold shares of OTTR. Allworth Financial LP lifted its position in Otter Tail by 10.5% during the 4th quarter. Allworth Financial LP now owns 1,342 shares of the utilities provider’s stock worth $108,000 after buying an additional 127 shares in the last quarter. Lido Advisors LLC grew its holdings in Otter Tail by 2.8% during the 4th quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 128 shares during the period. Nisa Investment Advisors LLC grew its holdings in Otter Tail by 14.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 997 shares of the utilities provider’s stock worth $82,000 after acquiring an additional 129 shares during the period. WINTON GROUP Ltd raised its position in shares of Otter Tail by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 14,554 shares of the utilities provider’s stock valued at $1,176,000 after acquiring an additional 155 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Otter Tail by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 11,135 shares of the utilities provider’s stock valued at $913,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 61.32% of the company’s stock.

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.