OneAscent Financial Services LLC Takes Position in Otter Tail Corporation $OTTR

Key Points

• OneAscent Financial Services acquired 22,625 Otter Tail shares worth approximately $2.04 million, joining other institutional investors that have recently increased their positions. Institutional ownership now stands at 61.32%.
• Otter Tail reported quarterly EPS of $1.66, exceeding estimates of $1.51, while revenue reached $334.38 million and rose 0.4% year over year. The company provided fiscal 2026 EPS guidance of $5.68 to $6.08.
• The utility declared a quarterly dividend of $0.5775, equivalent to $2.31 annually and a 2.5% yield. Analysts remain cautious, with four Hold ratings and one Sell rating producing an average “Reduce” rating and an $86 price target.

OneAscent Financial Services LLC acquired a new stake in 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 (SEC). The institutional investor acquired 22,625 shares of the utilities provider's stock, valued at approximately $2,036,000. OneAscent Financial Services LLC owned 0.05% of Otter Tail at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Otter Tail by 129.3% during the 4th 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Otter Tail during the 4th quarter valued at approximately $31,000. Motiv8 Investments LLC purchased a new stake in shares of Otter Tail during the 4th quarter valued at approximately $34,000. Finally, SHP Wealth Management acquired a new position in Otter Tail in the fourth quarter valued at approximately $40,000. 61.32% of the stock is owned by hedge funds and other institutional investors.

Otter Tail Trading Down 0.3%

Shares of NASDAQ OTTR opened at $92.04 on Friday. 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 $3.86 billion, a PE ratio of 19.84 and a beta of 0.45. Otter Tail Corporation has a twelve month low of $74.15 and a twelve month high of $95.09. The stock has a fifty day simple moving average of $90.77 and a 200-day simple moving average of $88.66.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping 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 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 company earned $1.85 EPS. Otter Tail's revenue was up .4% on a year-over-year basis. 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 earnings per share for the current year.

Otter Tail Dividend Announcement

The firm also recently disclosed 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 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 49.78%.

Wall Street Analysts Forecast Growth

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

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.

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