Fuller & Thaler Asset Management Inc. Has $11.61 Million Stock Position in Otter Tail Corporation $OTTR

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Otter Tail Corporation by 6.5%, holding approximately 0.34% of the company worth $11.6 million after selling 10,073 shares.
• Siebert Williams Shank upgraded Otter Tail from a "hold" to a "buy" rating, raising the price target from $82.00 to $83.00, indicating positive sentiment among analysts.
• Otter Tail announced a quarterly dividend of $0.525, with an annualized yield of 2.5%, set to be paid to shareholders on September 10th.

Fuller & Thaler Asset Management Inc. reduced its stake in Otter Tail Corporation (NASDAQ:OTTR - Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,489 shares of the utilities provider's stock after selling 10,073 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.34% of Otter Tail worth $11,613,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC lifted its position in Otter Tail by 54.8% during the 1st quarter. Byrne Asset Management LLC now owns 387 shares of the utilities provider's stock worth $31,000 after buying an additional 137 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Otter Tail during the 1st quarter worth about $34,000. Vermillion Wealth Management Inc. bought a new stake in Otter Tail during the 4th quarter worth about $36,000. AdvisorNet Financial Inc lifted its position in Otter Tail by 120.0% during the 1st quarter. AdvisorNet Financial Inc now owns 550 shares of the utilities provider's stock worth $44,000 after buying an additional 300 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in Otter Tail during the 1st quarter worth about $54,000. 61.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Siebert Williams Shank raised shares of Otter Tail from a "hold" rating to a "buy" rating and boosted their price target for the stock from $82.00 to $83.00 in a research report on Wednesday, May 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $83.00.

Otter Tail Stock Performance

Shares of Otter Tail stock traded down $0.64 during trading on Monday, hitting $85.33. 14,943 shares of the stock were exchanged, compared to its average volume of 233,694. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.54 and a beta of 0.56. The company has a fifty day moving average price of $79.00 and a 200-day moving average price of $79.10. Otter Tail Corporation has a 1-year low of $71.66 and a 1-year high of $92.51. The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.59.

Otter Tail (NASDAQ:OTTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. The company had revenue of $333.04 million for the quarter, compared to analyst estimates of $329.60 million. Otter Tail had a net margin of 21.82% and a return on equity of 16.85%. Otter Tail's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 EPS. Otter Tail has set its FY 2025 guidance at 6.060-6.46 EPS. As a group, equities analysts predict that Otter Tail Corporation will post 5.88 EPS for the current fiscal year.

Otter Tail Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, August 15th. This represents a $2.10 annualized dividend and a dividend yield of 2.5%. Otter Tail's payout ratio is currently 30.88%.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets.