Otter Tail (NASDAQ:OTTR) Announces Earnings Results, Beats Estimates By $0.07 EPS

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

Otter Tail Price Performance

Otter Tail stock opened at $88.16 on Tuesday. The company has a quick ratio of 2.82, a current ratio of 3.57 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $85.27 and its 200 day simple moving average is $82.76. Otter Tail has a 52 week low of $71.79 and a 52 week high of $90.11. The firm has a market capitalization of $3.69 billion, a PE ratio of 13.30 and a beta of 0.55.

Otter Tail Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Otter Tail in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in Otter Tail in the 4th quarter valued at approximately $41,000. UMB Bank n.a. raised its holdings in shares of Otter Tail by 302.5% in the fourth quarter. UMB Bank n.a. now owns 644 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 484 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Otter Tail in the second quarter valued at $53,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $77,000 after acquiring an additional 289 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Otter Tail during the 3rd quarter worth about $122,000. 61.32% of the stock is owned by hedge funds and other institutional investors.

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.