Gamco Investors INC. ET AL Sells 7,550 Shares of Otter Tail Corporation $OTTR

Gamco Investors INC. ET AL lowered its holdings in shares of Otter Tail Corporation (NASDAQ:OTTR) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,800 shares of the utilities provider’s stock after selling 7,550 shares during the quarter. Gamco Investors INC. ET AL owned 0.63% of Otter Tail worth $23,241,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OTTR. Royal Bank of Canada increased its stake in Otter Tail by 2.5% during the 1st quarter. Royal Bank of Canada now owns 116,479 shares of the utilities provider’s stock worth $9,361,000 after purchasing an additional 2,807 shares in the last quarter. AQR Capital Management LLC lifted its stake in Otter Tail by 26.9% in the first quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider’s stock valued at $1,825,000 after buying an additional 4,815 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Otter Tail by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,611 shares of the utilities provider’s stock valued at $1,978,000 after buying an additional 1,067 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Otter Tail in the first quarter valued at approximately $223,000. Finally, Jane Street Group LLC boosted its holdings in shares of Otter Tail by 190.8% in the first quarter. Jane Street Group LLC now owns 54,112 shares of the utilities provider’s stock valued at $4,349,000 after buying an additional 35,505 shares during the period. Institutional investors own 61.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OTTR. Weiss Ratings upgraded shares of Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group reaffirmed a “reduce” rating on shares of Otter Tail in a research note on Friday, May 29th. KeyCorp reiterated a “sector weight” rating on shares of Otter Tail in a 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 target on the stock. in a research note on Wednesday, May 6th. Finally, Zacks Research lowered Otter Tail from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.00.

Key Stories Impacting Otter Tail

Here are the key news stories impacting Otter Tail this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate for Otter Tail to $5.54 from $5.48, suggesting slightly better full-year profitability expectations. Otter Tail analyst update
• Positive Sentiment: Analysts also increased FY2028 and FY2030 earnings estimates, which can support sentiment around Otter Tail’s longer-term earnings trajectory. Otter Tail analyst update
• Neutral Sentiment: KeyCorp left its rating unchanged at Sector Weight, indicating no strong conviction to buy or sell the stock. Otter Tail analyst update
• Negative Sentiment: KeyCorp lowered its Q2, Q3, and Q4 2026 EPS estimates, which may temper enthusiasm about near-term earnings momentum. Otter Tail analyst update
• Neutral Sentiment: Reported short interest data showed no meaningful change in trading pressure, offering little immediate stock-specific impact. Otter Tail short interest update

Otter Tail Price Performance

Shares of OTTR opened at $92.34 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.04 and a debt-to-equity ratio of 0.56. Otter Tail Corporation has a twelve month low of $74.15 and a twelve month high of $95.00. The stock has a market capitalization of $3.88 billion, a P/E ratio of 13.84 and a beta of 0.45. The company has a 50 day moving average of $88.90 and a 200-day moving average of $87.88.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Otter Tail had a net margin of 21.34% and a return on equity of 15.21%. The business had revenue of $347.03 million for the quarter, compared to analyst estimates of $339.10 million. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Otter Tail Corporation will post 5.54 EPS for the current fiscal year.

Otter Tail Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.5775 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.31 annualized dividend and a yield of 2.5%. Otter Tail’s payout ratio is 34.63%.

About Otter Tail

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.