6,717 Shares in Otter Tail Corporation $OTTR Purchased by Johnson Wealth Management LLC

Johnson Wealth Management LLC acquired a new stake in shares of Otter Tail Corporation (NASDAQ:OTTR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 biggest position.

Several other large investors also recently added to or reduced their stakes in OTTR. LSV Asset Management grew its stake in Otter Tail by 217.6% in the 4th quarter. LSV Asset Management now owns 536,941 shares of the utilities provider’s stock worth $43,390,000 after acquiring an additional 367,869 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Otter Tail during the second quarter valued at approximately $32,238,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Otter Tail by 108.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 344,149 shares of the utilities provider’s stock valued at $27,811,000 after acquiring an additional 179,149 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Otter Tail by 465.2% in the third quarter. Two Sigma Investments LP now owns 137,624 shares of the utilities provider’s stock valued at $11,281,000 after purchasing an additional 113,276 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Otter Tail by 244.2% in the fourth quarter. Jane Street Group LLC now owns 139,137 shares of the utilities provider’s stock valued at $11,244,000 after purchasing an additional 98,719 shares during the period. 61.32% of the stock is owned by hedge funds and other institutional investors.

Otter Tail Price Performance

NASDAQ OTTR opened at $92.87 on Monday. 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 moving average price is $90.51 and its 200-day moving average price is $88.55. Otter Tail Corporation has a 52-week low of $74.15 and a 52-week high of $95.09. The company has a market cap of $3.90 billion, a PE ratio of 20.02 and a beta of 0.45.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The company had revenue of $334.38 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.85 earnings per share. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. Sell-side analysts forecast that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Announces Dividend

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

Analysts Set New Price Targets

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