Otter Tail Corporation $OTTR Stock Holdings Lifted by Bank of America Corp DE

Key Points

• Bank of America increased its Otter Tail stake by 3.5% in the first quarter to 336,483 shares valued at approximately $29.5 million. Institutional investors collectively own 61.32% of the utility’s stock.
• Otter Tail reported quarterly EPS of $1.66, beating estimates of $1.51, while revenue reached $334.38 million. The company provided fiscal 2026 EPS guidance of $5.68–$6.08.
• The company declared a quarterly dividend of $0.5775, equivalent to an annualized $2.31 payout and a 2.5% yield. Despite the earnings beat, analysts maintain a consensus “Reduce” rating with an $86 price target, below the reported $92.87 share price.

Bank of America Corp DE lifted its position in Otter Tail Corporation (NASDAQ:OTTR - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 336,483 shares of the utilities provider's stock after acquiring an additional 11,363 shares during the quarter. Bank of America Corp DE owned approximately 0.80% of Otter Tail worth $29,533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in Otter Tail by 217.6% during the 4th quarter. LSV Asset Management now owns 536,941 shares of the utilities provider's stock valued at $43,390,000 after acquiring an additional 367,869 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Otter Tail by 786.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 56,235 shares of the utilities provider's stock valued at $4,550,000 after purchasing an additional 49,891 shares during the period. SG Americas Securities LLC lifted its position in shares of Otter Tail by 86.8% in the first quarter. SG Americas Securities LLC now owns 25,504 shares of the utilities provider's stock worth $2,238,000 after purchasing an additional 11,850 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Otter Tail by 30.8% in the first quarter. Royal Bank of Canada now owns 178,161 shares of the utilities provider's stock worth $15,637,000 after purchasing an additional 41,924 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Otter Tail by 16.2% during the first quarter. Principal Financial Group Inc. now owns 231,889 shares of the utilities provider's stock worth $20,353,000 after purchasing an additional 32,266 shares during the period. Institutional investors and hedge funds own 61.32% of the company's stock.

Otter Tail Price Performance

Otter Tail stock opened at $92.87 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of 20.02 and a beta of 0.45. The firm's fifty day simple moving average is $90.51 and its 200-day simple moving average is $88.53. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.60. Otter Tail Corporation has a 1-year low of $74.15 and a 1-year high of $95.09.

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

Otter Tail Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a $0.5775 dividend. The ex-dividend date of this dividend 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 currently 49.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Siebert Williams Shank downgraded shares of Otter Tail from a "buy" rating to a "hold" rating and set a $86.00 price objective on the stock. in a research report on Wednesday, May 6th. KeyCorp reissued a "sector weight" rating on shares of Otter Tail in a research note on Monday, June 1st. Weiss Ratings cut shares of Otter Tail from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Zacks Research downgraded shares of Otter Tail from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Finally, UBS Group reiterated a "reduce" rating on shares of Otter Tail in a report on Friday, May 29th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus 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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