Infrastructure Capital Advisors LLC Buys Shares of 6,924 Otter Tail Corporation $OTTR

Infrastructure Capital Advisors LLC bought a new stake in shares of Otter Tail Corporation (NASDAQ:OTTR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,924 shares of the utilities provider’s stock, valued at approximately $623,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of 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 during the last quarter. AQR Capital Management LLC boosted its position in Otter Tail by 26.9% during the first quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider’s stock valued at $1,825,000 after purchasing an additional 4,815 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 purchasing an additional 1,067 shares during the last quarter. United Services Automobile Association purchased a new position in Otter Tail in the first quarter valued at about $223,000. Finally, Jane Street Group LLC raised its holdings in Otter Tail by 190.8% in the first quarter. Jane Street Group LLC now owns 54,112 shares of the utilities provider’s stock worth $4,349,000 after purchasing an additional 35,505 shares in the last quarter. 61.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OTTR has been the subject of several analyst reports. KeyCorp reissued a “sector weight” rating on shares of Otter Tail in a research report on Monday, June 1st. UBS Group reaffirmed a “reduce” rating on shares of Otter Tail in a research report on Friday, May 29th. Siebert Williams Shank lowered shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Otter Tail from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Zacks Research cut shares of Otter Tail from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $86.00.

Otter Tail Price Performance

Otter Tail stock opened at $90.86 on Monday. Otter Tail Corporation has a 1-year low of $74.15 and a 1-year high of $95.09. The business has a fifty day moving average price of $90.79 and a 200-day moving average price of $88.68. 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 $3.82 billion, a price-to-earnings ratio of 19.58 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, beating the consensus estimate of $1.51 by $0.15. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.The company had revenue of $334.38 million for the quarter, compared to analyst estimates of $326.13 million. During the same period in the prior year, the company posted $1.85 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. Equities research analysts forecast that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid 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 dividend yield of 2.5%. Otter Tail’s payout ratio is presently 49.78%.

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.