Otter Tail (NASDAQ:OTTR) Releases Earnings Results, Beats Estimates By $0.15 EPS

Otter Tail (NASDAQ:OTTR) posted its earnings results on Monday. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15, Zacks reports. Otter Tail had a net margin of 14.83% and a return on equity of 14.58%. The firm had revenue of $334.38 million during the quarter, compared to analyst estimates of $326.13 million. During the same period last year, the firm posted $1.85 earnings per share. Otter Tail’s revenue for the quarter was up .4% compared to the same quarter last year. Otter Tail updated its FY 2026 guidance to 5.680-6.080 EPS.

Otter Tail Trading Down 0.6%

Shares of NASDAQ OTTR opened at $92.28 on Wednesday. Otter Tail has a twelve month low of $74.15 and a twelve month high of $95.00. The firm has a market cap of $3.87 billion, a PE ratio of 13.83 and a beta of 0.45. The business has a fifty day simple moving average of $89.43 and a two-hundred day simple moving average of $88.26. The company has a quick ratio of 1.64, a current ratio of 2.04 and a debt-to-equity ratio of 0.56.

Otter Tail Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.5775 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.31 dividend on an annualized basis and a yield of 2.5%. Otter Tail’s payout ratio is 34.63%.

Hedge Funds Weigh In On Otter Tail

Several institutional investors have recently made changes to their positions in OTTR. Lido Advisors LLC raised its holdings in shares of Otter Tail by 2.8% in the fourth quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 128 shares in the last quarter. MML Investors Services LLC grew its holdings in Otter Tail by 2.6% during the 2nd quarter. MML Investors Services LLC now owns 7,373 shares of the utilities provider’s stock worth $568,000 after acquiring an additional 186 shares in the last quarter. Cetera Investment Advisers increased its position in Otter Tail by 1.2% during the 4th quarter. Cetera Investment Advisers now owns 16,583 shares of the utilities provider’s stock valued at $1,340,000 after purchasing an additional 192 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Otter Tail by 43.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 950 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 289 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Otter Tail by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,205 shares of the utilities provider’s stock worth $1,794,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OTTR. UBS Group reaffirmed a “reduce” rating on shares of Otter Tail in a report on Friday, May 29th. Siebert Williams Shank cut Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a report on Wednesday, May 6th. Weiss Ratings upgraded Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Zacks Research downgraded shares of Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Otter Tail in a report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Otter Tail has a consensus rating of “Hold” and a consensus target price of $86.00.

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.