Johnson Wealth Management LLC Purchases Shares of 6,717 Otter Tail Corporation $OTTR

Johnson Wealth Management LLC purchased a new stake in Otter Tail Corporation (NASDAQ:OTTR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,717 shares of the utilities provider’s stock, valued at approximately $604,000. Otter Tail makes up 0.3% of Johnson Wealth Management LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in shares of Otter Tail by 248.8% during the 1st quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Otter Tail by 129.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 376 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Otter Tail during the fourth quarter valued at approximately $31,000. Motiv8 Investments LLC acquired a new stake in Otter Tail in the fourth quarter valued at approximately $34,000. Finally, SHP Wealth Management acquired a new stake in Otter Tail in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Otter Tail Price Performance

NASDAQ:OTTR opened at $92.87 on Monday. The company has a market cap of $3.90 billion, a PE ratio of 20.02 and a beta of 0.45. Otter Tail Corporation has a twelve month low of $74.15 and a twelve month high of $95.09. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $90.51 and its two-hundred day moving average is $88.55.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The business 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%. Otter Tail’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 EPS. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. Analysts anticipate that Otter Tail Corporation will post 5.88 EPS for the current year.

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued 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 dividend yield of 2.5%. Otter Tail’s payout ratio is 49.78%.

Wall Street Analyst Weigh In

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

Otter Tail 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.