Capstone Investment Advisors LLC Invests $1.51 Million in Otter Tail Corporation $OTTR

Capstone Investment Advisors LLC acquired a new position in shares of Otter Tail Corporation (NASDAQ:OTTR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,814 shares of the utilities provider’s stock, valued at approximately $1,513,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LP purchased a new stake in shares of Otter Tail in the 2nd quarter worth $295,000. Bank of America Corp DE bought a new stake in shares of Otter Tail in the second quarter valued at about $28,127,000. Caisse de depot et placement du Quebec purchased a new stake in Otter Tail in the second quarter worth about $48,578,000. Man Group plc purchased a new stake in Otter Tail in the second quarter worth about $1,302,000. Finally, Jupiter Topco LLC bought a new position in Otter Tail during the 2nd quarter worth about $1,611,000. 61.32% of the stock is owned by institutional investors.

Otter Tail Price Performance

Shares of Otter Tail stock opened at $91.68 on Friday. The business has a 50 day simple moving average of $91.10 and a two-hundred day simple moving average of $88.80. Otter Tail Corporation has a 12 month low of $74.15 and a 12 month high of $95.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.71 and a quick ratio of 1.36. The stock has a market capitalization of $3.85 billion, a P/E ratio of 19.76 and a beta of 0.45.

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

Otter Tail Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Otter Tail in a report on Monday, June 1st. UBS Group reissued a “reduce” rating on shares of Otter Tail in a research report on Friday, May 29th. Weiss Ratings raised shares of Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research lowered Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Siebert Williams Shank lowered shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Otter Tail has an average rating of “Reduce” and a consensus 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.