Siebert Williams Shank Downgrades Otter Tail (NASDAQ:OTTR) to Hold

Key Points

• Siebert Williams Shank downgraded Otter Tail from a "buy" to a "hold" and set an $86 price target, implying about a 3.09% downside from the current price.
• Otter Tail beat expectations for the quarter with $1.73 EPS vs. $1.42 consensus and $347.03M revenue vs. $339.10M, and issued FY2026 guidance of $5.220–$5.620 EPS (analysts expect $5.48).
• The stock holds a consensus rating of "Moderate Buy" with a consensus $86 target; market metrics include a $3.72B market cap, P/E of 13.3, a 52‑week range of $73.74–$92.24, and institutional ownership of 61.32%.

Otter Tail (NASDAQ:OTTR - Get Free Report) was downgraded by stock analysts at Siebert Williams Shank from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $86.00 target price on the utilities provider's stock. Siebert Williams Shank's price target points to a potential downside of 3.09% from the company's current price.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Otter Tail from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Otter Tail from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Otter Tail currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.00.

Otter Tail Stock Down 2.0%

OTTR stock opened at $88.74 on Wednesday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.30 and a beta of 0.47. The company has a 50-day moving average of $87.57 and a two-hundred day moving average of $84.96. Otter Tail has a 52-week low of $73.74 and a 52-week high of $92.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.28 and a quick ratio of 1.83.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.31. Otter Tail had a return on equity of 15.39% and a net margin of 21.34%.The business had revenue of $347.03 million for the quarter, compared to analyst estimates of $339.10 million. During the same period in the previous year, the company posted $1.62 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Otter Tail has set its FY 2026 guidance at 5.220-5.620 EPS. As a group, equities research analysts anticipate that Otter Tail will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Otter Tail

A number of institutional investors and hedge funds have recently bought and sold shares of OTTR. Allworth Financial LP lifted its position in Otter Tail by 10.5% during the 4th quarter. Allworth Financial LP now owns 1,342 shares of the utilities provider's stock worth $108,000 after buying an additional 127 shares in the last quarter. Lido Advisors LLC grew its holdings in Otter Tail by 2.8% during the 4th quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider's stock worth $387,000 after acquiring an additional 128 shares during the period. Nisa Investment Advisors LLC grew its holdings in Otter Tail by 14.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 997 shares of the utilities provider's stock worth $82,000 after acquiring an additional 129 shares during the period. WINTON GROUP Ltd raised its position in shares of Otter Tail by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 14,554 shares of the utilities provider's stock valued at $1,176,000 after acquiring an additional 155 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Otter Tail by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 11,135 shares of the utilities provider's stock valued at $913,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 61.32% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.