Deutsche Bank AG Takes $3.94 Million Position in Otter Tail Corporation $OTTR

Key Points

• Deutsche Bank acquired a new $3.94 million stake in Otter Tail Corporation, purchasing 43,790 shares and owning approximately 0.10% of the utility at the end of the second quarter.
• Otter Tail reported quarterly earnings of $1.66 per share, exceeding the $1.51 analyst consensus, while revenue reached $334.38 million. The company maintained fiscal 2026 EPS guidance of $5.68–$6.08.
• The company declared a quarterly dividend of $0.5775 per share, equivalent to a 2.5% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $86, below the reported share price of $91.33.

Deutsche Bank AG bought a new stake in Otter Tail Corporation (NASDAQ:OTTR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 43,790 shares of the utilities provider's stock, valued at approximately $3,940,000. Deutsche Bank AG owned about 0.10% of Otter Tail at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OTTR. Allworth Financial LP boosted its stake in Otter Tail by 10.5% in the fourth quarter. Allworth Financial LP now owns 1,342 shares of the utilities provider's stock valued at $108,000 after acquiring an additional 127 shares in the last quarter. Lido Advisors LLC increased its position in shares of Otter Tail by 2.8% during the fourth quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider's stock worth $387,000 after purchasing an additional 128 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Otter Tail by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 14,554 shares of the utilities provider's stock worth $1,176,000 after purchasing an additional 155 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Otter Tail by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,592 shares of the utilities provider's stock valued at $775,000 after purchasing an additional 169 shares during the last quarter. Finally, Evolve Private Wealth LLC lifted its holdings in shares of Otter Tail by 3.8% in the 1st quarter. Evolve Private Wealth LLC now owns 4,772 shares of the utilities provider's stock valued at $419,000 after purchasing an additional 175 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Otter Tail Stock Performance

Shares of OTTR stock opened at $91.33 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 stock has a 50 day simple moving average of $90.90 and a 200-day simple moving average of $88.73. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 19.68 and a beta of 0.45. Otter Tail Corporation has a 12-month low of $74.15 and a 12-month high of $95.09.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.66 earnings per share for the quarter, beating 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 firm had revenue of $334.38 million for the quarter, compared to the consensus estimate of $326.13 million. During the same period in the previous year, the business earned $1.85 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. On average, equities analysts forecast that Otter Tail Corporation will post 5.88 EPS for the current year.

Otter Tail Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given 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 payout ratio is presently 49.78%.

Wall Street Analyst Weigh In

OTTR has been the topic of a number of research reports. Siebert Williams Shank downgraded Otter Tail from a "buy" rating to a "hold" rating and set a $86.00 price target on the stock. in a research note on Wednesday, May 6th. Zacks Research cut Otter Tail from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. KeyCorp reissued a "sector weight" rating on shares of Otter Tail in a report on Monday, June 1st. Weiss Ratings upgraded shares of Otter Tail from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday. Finally, UBS Group reaffirmed a "reduce" rating on shares of Otter Tail in a report on Friday, May 29th. Four investment 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 presently has a consensus rating of "Reduce" and an average 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.

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