Otter Tail (NASDAQ:OTTR) Releases Quarterly Earnings Results

Otter Tail (NASDAQ:OTTR) issued its quarterly earnings results on Monday. The utilities provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07, Briefing.com reports. The business had revenue of $308.10 million during the quarter, compared to the consensus estimate of $311.15 million. Otter Tail had a net margin of 21.48% and a return on equity of 15.96%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. Otter Tail updated its FY 2026 guidance to 5.220-5.620 EPS.

Otter Tail Trading Up 1.3%

OTTR stock opened at $88.16 on Tuesday. The company has a quick ratio of 2.82, a current ratio of 3.57 and a debt-to-equity ratio of 0.57. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 13.30 and a beta of 0.55. The business has a fifty day simple moving average of $85.27 and a 200-day simple moving average of $82.76. Otter Tail has a 52 week low of $71.79 and a 52 week high of $90.11.

Otter Tail Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.5775 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.31 annualized dividend and a dividend yield of 2.6%. This is a boost from Otter Tail’s previous quarterly dividend of $0.53. Otter Tail’s dividend payout ratio is presently 34.84%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Otter Tail in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Otter Tail currently has an average rating of “Moderate Buy” and an average price target of $83.00.

Hedge Funds Weigh In On Otter Tail

A number of large investors have recently modified their holdings of OTTR. Bank of America Corp DE lifted its stake in shares of Otter Tail by 31.6% in the 2nd quarter. Bank of America Corp DE now owns 409,157 shares of the utilities provider’s stock valued at $31,542,000 after purchasing an additional 98,243 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Otter Tail by 2.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 329,157 shares of the utilities provider’s stock valued at $26,599,000 after buying an additional 6,407 shares during the period. Federated Hermes Inc. lifted its position in Otter Tail by 27.4% during the fourth quarter. Federated Hermes Inc. now owns 205,346 shares of the utilities provider’s stock valued at $16,594,000 after buying an additional 44,150 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Otter Tail by 6.5% during the fourth quarter. Public Sector Pension Investment Board now owns 193,919 shares of the utilities provider’s stock worth $15,671,000 after buying an additional 11,833 shares during the period. Finally, Marshall Wace LLP grew its stake in Otter Tail by 13.7% during the fourth quarter. Marshall Wace LLP now owns 173,429 shares of the utilities provider’s stock worth $14,015,000 after buying an additional 20,863 shares during the period. 61.32% of the stock is currently owned by hedge funds and other institutional investors.

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.