Otter Tail (NASDAQ:OTTR) Releases Earnings Results, Beats Expectations By $0.15 EPS

Otter Tail (NASDAQ:OTTR) announced its quarterly earnings data on Monday. The utilities provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15, Zacks reports. Otter Tail had a return on equity of 15.21% and a net margin of 21.34%. Otter Tail updated its FY 2026 guidance to 5.680-6.080 EPS.

Otter Tail Stock Up 2.0%

Shares of OTTR traded up $1.74 during trading hours on Monday, reaching $90.16. The company’s stock had a trading volume of 500,473 shares, compared to its average volume of 261,885. The company has a 50 day moving average of $89.29 and a two-hundred day moving average of $88.18. The company has a quick ratio of 1.64, a current ratio of 2.04 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 13.52 and a beta of 0.45. Otter Tail has a 1-year low of $74.15 and a 1-year high of $95.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OTTR shares. 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. Zacks Research lowered Otter Tail from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. KeyCorp reiterated a “sector weight” rating on shares of Otter Tail in a research report on Monday, June 1st. Weiss Ratings raised Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, UBS Group restated a “reduce” rating on shares of Otter Tail in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, three have assigned 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 an average price target of $86.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in 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 buying an additional 98,243 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in Otter Tail by 108.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 344,149 shares of the utilities provider’s stock worth $27,811,000 after buying an additional 179,149 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Otter Tail by 2.0% during the 4th 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. boosted its stake in shares of Otter Tail by 27.4% during the 4th 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 during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of Otter Tail by 6.5% during the 4th quarter. Public Sector Pension Investment Board now owns 193,919 shares of the utilities provider’s stock valued at $15,671,000 after acquiring an additional 11,833 shares in the last quarter. 61.32% of the stock is 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.