10,082 Shares in Otter Tail Corporation $OTTR Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Otter Tail Corporation (NASDAQ:OTTR) during the 2nd quarter, Holdings Channel reports. The fund acquired 10,082 shares of the utilities provider’s stock, valued at approximately $907,000.

Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP boosted its holdings in shares of Otter Tail by 10.5% in the 4th quarter. Allworth Financial LP now owns 1,342 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 127 shares during the period. Lido Advisors LLC lifted its position in Otter Tail by 2.8% in the fourth quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider’s stock worth $387,000 after buying an additional 128 shares during the last quarter. WINTON GROUP Ltd lifted its position in Otter Tail by 1.1% in the fourth quarter. WINTON GROUP Ltd now owns 14,554 shares of the utilities provider’s stock worth $1,176,000 after buying an additional 155 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Otter Tail by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,592 shares of the utilities provider’s stock worth $775,000 after buying an additional 169 shares during the period. Finally, Evolve Private Wealth LLC boosted its stake in Otter Tail by 3.8% during the first quarter. Evolve Private Wealth LLC now owns 4,772 shares of the utilities provider’s stock worth $419,000 after buying an additional 175 shares during the period. 61.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OTTR. Weiss Ratings raised shares of Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Otter Tail in a research note 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. UBS Group reissued a “reduce” rating on shares of Otter Tail in a research note on Friday, May 29th. Finally, Siebert Williams Shank cut Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Otter Tail has an average rating of “Reduce” and a consensus target price of $86.00.

Otter Tail Stock Performance

OTTR stock opened at $90.84 on Monday. The company has a market capitalization of $3.81 billion, a PE ratio of 19.58 and a beta of 0.45. Otter Tail Corporation has a 12 month low of $74.15 and a 12 month high of $95.09. The firm’s 50-day moving average is $91.17 and its 200 day moving average is $88.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.71 and a quick ratio of 1.36.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The company had revenue of $334.38 million during the quarter, compared to analyst estimates of $326.13 million. Otter Tail had a net margin of 14.83% and a return on equity of 14.56%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. On average, research analysts anticipate that Otter Tail Corporation will post 5.88 EPS for the current year.

Otter Tail Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. Otter Tail’s payout ratio is currently 49.78%.

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.