Foster & Motley Inc. Invests $650,000 in Otter Tail Corporation $OTTR

Foster & Motley Inc. purchased a new stake in shares of Otter Tail Corporation (NASDAQ:OTTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,223 shares of the utilities provider’s stock, valued at approximately $650,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Otter Tail by 10.5% in the 4th quarter. Allworth Financial LP now owns 1,342 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 127 shares during the period. Lido Advisors LLC raised its holdings in Otter Tail by 2.8% during the fourth quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 128 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Otter Tail by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 14,554 shares of the utilities provider’s stock worth $1,176,000 after purchasing an additional 155 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Otter Tail by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,592 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 169 shares during the period. Finally, Evolve Private Wealth LLC lifted its position in Otter Tail by 3.8% in the first quarter. Evolve Private Wealth LLC now owns 4,772 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 175 shares during the period. 61.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings lowered Otter Tail from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. KeyCorp reiterated a “sector weight” rating on shares of Otter Tail in a research report on Monday, June 1st. UBS Group restated a “reduce” rating on shares of Otter Tail in a research report on Friday, May 29th. Zacks Research cut shares of Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Siebert Williams Shank downgraded shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a 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 stock. Based on data from MarketBeat.com, Otter Tail presently has a consensus rating of “Reduce” and a consensus price target of $86.00.

Otter Tail Stock Up 1.2%

Shares of Otter Tail stock opened at $92.34 on Thursday. Otter Tail Corporation has a 12-month low of $74.15 and a 12-month high of $95.09. The firm has a market capitalization of $3.88 billion, a PE ratio of 19.90 and a beta of 0.45. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $90.70 and its 200-day moving average is $88.64.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The business had revenue of $334.38 million during the quarter, compared to analyst estimates of $326.13 million. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.Otter Tail’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted $1.85 EPS. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. Equities analysts anticipate that Otter Tail Corporation will post 5.88 earnings per share for the current year.

Otter Tail Announces Dividend

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

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.