Otter Tail Corporation $OTTR Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of Otter Tail Corporation (NASDAQ:OTTR) by 37.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,468 shares of the utilities provider’s stock after acquiring an additional 30,540 shares during the period. ProShare Advisors LLC owned about 0.27% of Otter Tail worth $9,814,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC grew its holdings in shares of Otter Tail by 248.8% in the 1st quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 204 shares during the period. Security National Bank of Sioux City Iowa IA acquired a new position in Otter Tail during the second quarter worth $27,000. Jones Financial Companies Lllp acquired a new position in Otter Tail during the second quarter worth $39,000. C M Bidwell & Associates Ltd. acquired a new position in Otter Tail during the second quarter worth $50,000. Finally, Continuum Advisory LLC purchased a new stake in Otter Tail during the second quarter worth $52,000. Hedge funds and other institutional investors own 61.32% of the company’s stock.

More Otter Tail News

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

• Positive Sentiment: Otter Tail declared a quarterly dividend of $0.5775 per share, equivalent to $2.31 annually and a yield of about 2.5%. Shareholders of record on November 13 are scheduled to receive it on December 10. Dividend announcement
• Neutral Sentiment: The company affirmed the midpoint of its 2026 EPS guidance while narrowing the range to $5.73–$6.03. However, the range remains below the roughly $6.05 analyst consensus, limiting the reassurance from maintaining the midpoint. Earnings release and guidance
• Negative Sentiment: Third-quarter diluted EPS was $1.41, below analyst estimates of about $1.55–$1.57 and down from $1.86 a year earlier. Revenue of $320.5 million also missed expectations of about $327.9 million and declined 1.6% year over year. The earnings miss is the main apparent pressure on the shares. Q3 results and analyst estimates

Analysts Set New Price Targets

Separately, Weiss Ratings raised Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $86.00.

Otter Tail Stock Performance

NASDAQ:OTTR opened at $83.41 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.50 billion, a P/E ratio of 19.91 and a beta of 0.42. The firm has a 50-day moving average price of $89.25 and a two-hundred day moving average price of $88.80. Otter Tail Corporation has a twelve month low of $74.15 and a twelve month high of $95.09.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.14). Otter Tail had a net margin of 13.45% and a return on equity of 13.47%. The business had revenue of $320.51 million during the quarter, compared to analysts’ expectations of $327.87 million. During the same period last year, the company earned $1.86 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts expect that Otter Tail Corporation will post 5.96 earnings per share for the current fiscal year.

Otter Tail Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be given a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 13th. Otter Tail’s payout ratio is currently 49.78%.

About Otter Tail

Otter Tail Corporation is a diversified company headquartered in Fergus Falls, Minnesota. Through its electric utility subsidiary, Otter Tail Power Company, it generates, transmits and distributes electricity to residential, commercial, industrial and agricultural customers.

Otter Tail Power Company serves customers across portions of western Minnesota, eastern North Dakota and northeastern South Dakota. Its generation portfolio includes coal, natural gas, wind and other energy resources, supporting the company’s role as a regional provider of electric power and related utility services.

Beyond its utility operations, Otter Tail Corporation owns manufacturing businesses that produce fabricated metal components, plastic products and other specialized goods.