Linden Thomas Advisory Services LLC Has $820,000 Stake in Otter Tail Corporation $OTTR

Linden Thomas Advisory Services LLC grew its stake in Otter Tail Corporation (NASDAQ:OTTR) by 25.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,633 shares of the utilities provider’s stock after buying an additional 2,124 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Otter Tail were worth $820,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OTTR. HighMark Wealth Management LLC bought a new position in shares of Otter Tail in the 2nd quarter valued at approximately $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Otter Tail during the first quarter valued at approximately $34,000. Goodman Advisory Group LLC acquired a new position in Otter Tail during the first quarter valued at approximately $54,000. Costello Asset Management INC bought a new position in shares of Otter Tail in the first quarter valued at approximately $66,000. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Otter Tail by 93.0% in the second quarter. Armstrong Advisory Group Inc. now owns 1,660 shares of the utilities provider’s stock worth $128,000 after buying an additional 800 shares during the last quarter. Institutional investors own 61.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OTTR shares. Weiss Ratings upgraded shares of Otter Tail from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Zacks Research raised Otter Tail to a “hold” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Otter Tail presently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Otter Tail Stock Performance

NASDAQ OTTR opened at $78.55 on Monday. The company’s fifty day moving average is $81.53 and its two-hundred day moving average is $79.43. Otter Tail Corporation has a 52-week low of $71.66 and a 52-week high of $88.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.31 and a quick ratio of 2.57. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.55 and a beta of 0.54.

Otter Tail (NASDAQ:OTTR) last released its earnings results on Monday, August 4th. The utilities provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. Otter Tail had a net margin of 21.82% and a return on equity of 16.85%. The business had revenue of $333.04 million during the quarter, compared to analysts’ expectations of $329.60 million. During the same quarter last year, the company earned $2.07 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Otter Tail has set its FY 2025 guidance at 6.060-6.46 EPS. Equities research analysts forecast that Otter Tail Corporation will post 5.88 EPS for the current year.

Otter Tail Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.7%. Otter Tail’s payout ratio is currently 30.88%.

About Otter Tail

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.