Deutsche Bank AG Invests $3.94 Million in Otter Tail Corporation $OTTR

Deutsche Bank AG acquired a new stake in Otter Tail Corporation (NASDAQ:OTTR) in the 2nd quarter, Holdings Channel reports. The firm acquired 43,790 shares of the utilities provider’s stock, valued at approximately $3,940,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OTTR. Sound Income Strategies LLC boosted its position in Otter Tail by 248.8% during the first quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Otter Tail by 129.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 376 shares of the utilities provider’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Otter Tail in the 4th quarter worth about $31,000. Motiv8 Investments LLC acquired a new stake in Otter Tail in the 4th quarter valued at about $34,000. Finally, SHP Wealth Management acquired a new stake in Otter Tail in the 4th quarter valued at about $40,000. 61.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OTTR shares. Siebert Williams Shank cut shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. KeyCorp reissued a “sector weight” rating on shares of Otter Tail in a research note on Monday, June 1st. UBS Group reissued a “reduce” rating on shares of Otter Tail in a report on Friday, May 29th. Finally, Zacks Research lowered Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $86.00.

Otter Tail Stock Performance

NASDAQ:OTTR opened at $91.33 on Wednesday. The firm has a 50 day simple moving average of $90.90 and a 200-day simple moving average of $88.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.71 and a quick ratio of 1.36. The firm has a market cap of $3.83 billion, a PE ratio of 19.68 and a beta of 0.45. Otter Tail Corporation has a 1-year low of $74.15 and a 1-year high of $95.09.

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

Otter Tail Dividend Announcement

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

Otter Tail Company 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.