Contravisory Investment Management Inc. Invests $7.78 Million in Otter Tail Corporation $OTTR

Key Points

• Contravisory Investment Management acquired 86,441 Otter Tail shares worth approximately $7.78 million, representing about 0.21% of the utility company. Institutional investors and hedge funds collectively own 61.32% of OTTR.
• Otter Tail exceeded quarterly earnings expectations, reporting $1.66 EPS versus the $1.51 consensus and $334.38 million in revenue. The company maintained fiscal 2026 EPS guidance of $5.68–$6.08.
• Otter Tail declared a quarterly dividend of $0.5775, equivalent to a $2.31 annualized payout and a 2.5% yield. Analysts remain cautious, with a consensus “Reduce” rating and an $86 price target compared with the stock’s reported $93.79 price.

Contravisory Investment Management Inc. bought a new position in shares of Otter Tail Corporation (NASDAQ:OTTR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 86,441 shares of the utilities provider's stock, valued at approximately $7,778,000. Contravisory Investment Management Inc. owned approximately 0.21% of Otter Tail as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sound Income Strategies LLC increased its holdings in Otter Tail by 248.8% in the 1st quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Otter Tail by 129.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 376 shares of the utilities provider's stock worth $30,000 after buying an additional 212 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Otter Tail in the fourth quarter valued at about $31,000. Motiv8 Investments LLC acquired a new position in Otter Tail during the 4th quarter worth approximately $34,000. Finally, SHP Wealth Management purchased a new position in Otter Tail in the 4th quarter worth approximately $40,000. 61.32% of the stock is owned by institutional investors and hedge funds.

Otter Tail Price Performance

OTTR stock opened at $93.79 on Monday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 20.21 and a beta of 0.45. Otter Tail Corporation has a 1-year low of $74.15 and a 1-year high of $95.00. The firm has a fifty day moving average price of $89.79 and a two-hundred day moving average price of $88.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.71 and a quick ratio of 1.36.

Otter Tail (NASDAQ:OTTR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.15. Otter Tail had a net margin of 14.83% and a return on equity of 14.56%. The firm had revenue of $334.38 million for the quarter, compared to analyst estimates of $326.13 million. During the same quarter in the prior year, the business earned $1.85 earnings per share. Otter Tail's quarterly revenue was up .4% on a year-over-year basis. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. Research analysts predict that Otter Tail Corporation will post 5.88 EPS for the current year.

Otter Tail Announces Dividend

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

Analysts Set New Price Targets

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

Otter Tail Company 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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