Otter Tail (NASDAQ:OTTR) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Otter Tail (NASDAQ:OTTR) released its quarterly earnings data on Monday. The utilities provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07, Briefing.com reports. The firm had revenue of $308.10 million for the quarter, compared to analyst estimates of $311.15 million. Otter Tail had a net margin of 21.48% and a return on equity of 15.96%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. Otter Tail updated its FY 2026 guidance to 5.220-5.620 EPS.

Otter Tail Stock Up 1.3%

Shares of OTTR stock opened at $88.16 on Tuesday. The company has a 50 day simple moving average of $85.27 and a two-hundred day simple moving average of $82.76. The stock has a market cap of $3.69 billion, a P/E ratio of 13.30 and a beta of 0.55. Otter Tail has a 12 month low of $71.79 and a 12 month high of $90.11. The company has a current ratio of 3.57, a quick ratio of 2.82 and a debt-to-equity ratio of 0.57.

Otter Tail Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be given a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Otter Tail’s previous quarterly dividend of $0.53. Otter Tail’s payout ratio is currently 34.84%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Otter Tail in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Institutional Trading of Otter Tail

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in Otter Tail during the fourth quarter worth about $41,000. UMB Bank n.a. increased its holdings in Otter Tail by 302.5% in the 4th quarter. UMB Bank n.a. now owns 644 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 484 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Otter Tail during the 2nd quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Otter Tail by 43.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 950 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 289 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Otter Tail in the third quarter valued at $122,000. Hedge funds and other institutional investors own 61.32% of the company’s stock.

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.