Foster & Motley Inc. Acquires New Position in Otter Tail Corporation $OTTR

Foster & Motley Inc. acquired a new stake in shares of Otter Tail Corporation (NASDAQ:OTTR) in the second quarter, HoldingsChannel reports. The fund acquired 7,223 shares of the utilities provider’s stock, valued at approximately $650,000.

Several other hedge funds also recently modified their holdings of OTTR. LSV Asset Management boosted its position in Otter Tail by 217.6% during the fourth quarter. LSV Asset Management now owns 536,941 shares of the utilities provider’s stock worth $43,390,000 after purchasing an additional 367,869 shares during the period. Contravisory Investment Management Inc. acquired a new position in Otter Tail during the 2nd quarter valued at $7,778,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Otter Tail by 786.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 56,235 shares of the utilities provider’s stock valued at $4,550,000 after purchasing an additional 49,891 shares during the period. SG Americas Securities LLC increased its holdings in shares of Otter Tail by 86.8% during the 1st quarter. SG Americas Securities LLC now owns 25,504 shares of the utilities provider’s stock worth $2,238,000 after purchasing an additional 11,850 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Otter Tail by 30.8% in the first quarter. Royal Bank of Canada now owns 178,161 shares of the utilities provider’s stock valued at $15,637,000 after buying an additional 41,924 shares during the period. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Stock Up 1.2%

OTTR opened at $92.34 on Thursday. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 19.90 and a beta of 0.45. 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’s 50-day simple moving average is $90.70 and its 200-day simple moving average is $88.64. Otter Tail Corporation has a twelve month low of $74.15 and a twelve month high of $95.09.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The firm had revenue of $334.38 million for the quarter, compared to analyst estimates of $326.13 million. Otter Tail had a net margin of 14.83% and a return on equity of 14.56%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 earnings per share. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. Equities research analysts anticipate that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. Otter Tail’s dividend payout ratio (DPR) is currently 49.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group restated a “reduce” rating on shares of Otter Tail in a research note on Friday, May 29th. Weiss Ratings cut shares of Otter Tail from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. KeyCorp reissued a “sector weight” rating on shares of Otter Tail in a research report on Monday, June 1st. Siebert Williams Shank downgraded Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a report on Wednesday, May 6th. Finally, Zacks Research lowered Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target 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.