What is KeyCorp’s Forecast for Otter Tail FY2026 Earnings?

Otter Tail Corporation (NASDAQ:OTTR) – KeyCorp increased their FY2026 earnings per share estimates for shares of Otter Tail in a report issued on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $5.96 per share for the year, up from their previous forecast of $5.54. The consensus estimate for Otter Tail’s current full-year earnings is $5.88 per share. KeyCorp also issued estimates for Otter Tail’s FY2027 earnings at $4.38 EPS.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.51 by $0.15. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%. The firm had revenue of $334.38 million during the quarter, compared to the consensus estimate of $326.13 million. During the same period in the prior year, the business earned $1.85 EPS. The firm’s revenue was up .4% compared to the same quarter last year.

Separately, Weiss Ratings raised Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $86.00.

Otter Tail Trading Up 0.8%

Shares of OTTR stock opened at $89.04 on Wednesday. The business’s 50 day moving average is $90.06 and its two-hundred day moving average is $89.29. Otter Tail has a twelve month low of $74.15 and a twelve month high of $95.09. The company has a market capitalization of $3.74 billion, a P/E ratio of 13.63 and a beta of 0.46. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.60.

Otter Tail Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were paid a $0.5775 dividend. This represents a $2.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 14th. Otter Tail’s dividend payout ratio (DPR) is 49.78%.

Institutional Trading of Otter Tail

Several hedge funds and other institutional investors have recently made changes to their positions in OTTR. BlackRock Inc. acquired a new position in shares of Otter Tail during the 2nd quarter worth $590,053,000. Caisse de depot et placement du Quebec purchased a new position in shares of Otter Tail in the 2nd quarter valued at about $48,578,000. Bank of New York Mellon Corp purchased a new position in shares of Otter Tail in the 2nd quarter valued at about $32,238,000. Bank of America Corp DE purchased a new position in shares of Otter Tail in the 2nd quarter valued at about $28,127,000. Finally, Congress Asset Management Co. purchased a new position in shares of Otter Tail in the 3rd quarter valued at about $14,587,000. Hedge funds and other institutional investors own 61.32% of the company’s stock.

Otter Tail Company Profile

Otter Tail Corporation is a diversified operating company headquartered in Fergus Falls, Minnesota. Through its principal subsidiary, Otter Tail Power Company, it generates, transmits and distributes electricity to residential, commercial, industrial and municipal customers in Minnesota, North Dakota and South Dakota.

Otter Tail Power Company operates a mix of generation resources and maintains the transmission and distribution infrastructure needed to deliver electricity across its service territory.