Royal Bank of Canada Has $15.64 Million Stock Position in Otter Tail Corporation $OTTR

Royal Bank of Canada lifted its position in Otter Tail Corporation (NASDAQ:OTTR) by 30.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,161 shares of the utilities provider’s stock after buying an additional 41,924 shares during the period. Royal Bank of Canada owned about 0.42% of Otter Tail worth $15,637,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OTTR. Allworth Financial LP boosted its holdings in shares of Otter Tail by 10.5% during the fourth quarter. Allworth Financial LP now owns 1,342 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 127 shares during the period. Lido Advisors LLC increased its stake in shares of Otter Tail by 2.8% during the fourth quarter. Lido Advisors LLC now owns 4,737 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 128 shares during the period. WINTON GROUP Ltd lifted its holdings in Otter Tail by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 14,554 shares of the utilities provider’s stock worth $1,176,000 after purchasing an additional 155 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Otter Tail by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,592 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 169 shares during the last quarter. Finally, Evolve Private Wealth LLC boosted its stake in Otter Tail by 3.8% in the 1st quarter. Evolve Private Wealth LLC now owns 4,772 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 61.32% of the company’s stock.

Otter Tail Trading Up 0.8%

Shares of NASDAQ:OTTR opened at $93.79 on Friday. The business’s 50 day simple moving average is $89.79 and its 200 day simple moving average is $88.36. Otter Tail Corporation has a 1 year low of $74.15 and a 1 year high of $95.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.71 and a quick ratio of 1.64. The company has a market capitalization of $3.94 billion, a P/E ratio of 20.21 and a beta of 0.45.

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 the consensus estimate of $1.51 by $0.15. The firm had revenue of $334.38 million during the quarter, compared to analysts’ expectations of $326.13 million. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 fiscal year.

Otter Tail Dividend Announcement

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

Analyst Upgrades and Downgrades

OTTR has been the topic of a number of research reports. Weiss Ratings lowered Otter Tail from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday. KeyCorp reissued a “sector weight” rating on shares of Otter Tail in a report on Monday, June 1st. UBS Group reissued a “reduce” rating on shares of Otter Tail in a research report on Friday, May 29th. Zacks Research downgraded shares of Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Siebert Williams Shank lowered shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Wednesday, May 6th. Four 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, the stock presently has an average rating of “Reduce” and an average price target of $86.00.

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.