Otter Tail (NASDAQ:OTTR) Announces Quarterly Earnings Results

Otter Tail (NASDAQ:OTTR) announced its quarterly earnings results on Monday. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31, Zacks reports. Otter Tail had a return on equity of 15.36% and a net margin of 21.16%. Otter Tail updated its FY 2026 guidance to 5.220-5.620 EPS.

Otter Tail Price Performance

Otter Tail stock traded down $0.19 during mid-day trading on Monday, hitting $90.59. 344,096 shares of the company were exchanged, compared to its average volume of 264,079. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.28 and a quick ratio of 1.83. The business’s 50 day simple moving average is $87.49 and its two-hundred day simple moving average is $84.89. The company has a market capitalization of $3.80 billion, a P/E ratio of 13.81 and a beta of 0.47. Otter Tail has a 12-month low of $73.74 and a 12-month high of $92.24.

Hedge Funds Weigh In On Otter Tail

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OTTR shares. Weiss Ratings downgraded shares of Otter Tail from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Zacks Research raised shares of Otter Tail from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $83.00.

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.