Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in Otter Tail Corporation $OTTR

Key Points

• Connor Clark & Lunn Investment Management purchased 57,071 Otter Tail shares worth approximately $5.1 million, giving it a 0.14% stake. Institutional investors collectively own 61.32% of the utility company.
• Otter Tail reported quarterly EPS of $1.66, beating analysts’ $1.51 estimate, while revenue reached $334.38 million. The company maintained fiscal 2026 EPS guidance of $5.68–$6.08.
• Otter Tail declared a quarterly dividend of $0.5775 per share, or $2.31 annualized, representing a 2.5% yield. Analysts remain cautious, with an average “Reduce” rating and an $86 price target versus the stock’s reported $91.68 price.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Otter Tail Corporation (NASDAQ:OTTR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,071 shares of the utilities provider's stock, valued at approximately $5,135,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Otter Tail at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OTTR. Royal Bank of Canada grew its stake in shares of Otter Tail by 2.5% in the first 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 in the last quarter. AQR Capital Management LLC boosted its position in Otter Tail by 26.9% during the 1st quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider's stock worth $1,825,000 after acquiring an additional 4,815 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Otter Tail by 4.5% during 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 acquired a new stake in shares of Otter Tail during the 1st quarter valued at about $223,000. Finally, Jane Street Group LLC raised its holdings in Otter Tail by 190.8% during the first quarter. Jane Street Group LLC now owns 54,112 shares of the utilities provider's stock valued at $4,349,000 after buying an additional 35,505 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors.

Otter Tail Stock Performance

NASDAQ:OTTR opened at $91.68 on Friday. Otter Tail Corporation has a 1 year low of $74.15 and a 1 year high of $95.09. The firm has a 50 day moving average of $91.10 and a 200-day moving average of $88.80. 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 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 - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.15. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.The business 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 earned $1.85 EPS. Otter Tail's revenue for the quarter was up .4% on a year-over-year basis. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. As a group, sell-side analysts anticipate that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, August 14th. Otter Tail's dividend payout ratio is presently 49.78%.

Analysts Set New Price Targets

OTTR has been the topic of several research analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Otter Tail in a research report on Monday, June 1st. Siebert Williams Shank downgraded shares of Otter Tail from a "buy" rating to a "hold" rating and set a $86.00 price objective for the company. in a report on Wednesday, May 6th. UBS Group restated a "reduce" rating on shares of Otter Tail in a research report on Friday, May 29th. Weiss Ratings upgraded Otter Tail from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday. Finally, Zacks Research lowered Otter Tail from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target 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.

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