Bank of New York Mellon Corp Sells 7,969 Shares of Otter Tail Corporation $OTTR

Bank of New York Mellon Corp cut its position in shares of Otter Tail Corporation (NASDAQ:OTTR) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 350,608 shares of the utilities provider’s stock after selling 7,969 shares during the quarter. Bank of New York Mellon Corp owned 0.84% of Otter Tail worth $30,773,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its position in Otter Tail by 248.8% in the first quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Otter Tail by 129.3% during 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 bought a new stake in Otter Tail during the 4th quarter worth about $31,000. Motiv8 Investments LLC acquired a new position in shares of Otter Tail during the 4th quarter worth about $34,000. Finally, SHP Wealth Management bought a new position in shares of Otter Tail in the 4th quarter valued at about $40,000. 61.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of Otter Tail in a report on Monday, June 1st. Siebert Williams Shank lowered 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. UBS Group reaffirmed a “reduce” rating on shares of Otter Tail in a research report on Friday, May 29th. Zacks Research cut Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.00.

Otter Tail Stock Performance

OTTR opened at $92.34 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.04 and a debt-to-equity ratio of 0.56. Otter Tail Corporation has a 12-month low of $74.15 and a 12-month high of $95.00. The business has a 50 day moving average of $88.90 and a 200-day moving average of $87.92. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 13.84 and a beta of 0.45.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Otter Tail had a return on equity of 15.21% and a net margin of 21.34%.The business had revenue of $347.03 million for the quarter, compared to analyst estimates of $339.10 million. During the same period in the previous year, the firm earned $1.62 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Otter Tail Corporation will post 5.54 earnings per share for the current year.

Otter Tail Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.5775 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.31 annualized dividend and a dividend yield of 2.5%. Otter Tail’s payout ratio is presently 34.63%.

Key Headlines Impacting Otter Tail

Here are the key news stories impacting Otter Tail this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate for Otter Tail to $5.54 from $5.48, suggesting slightly better full-year profitability expectations. Otter Tail analyst update
• Positive Sentiment: Analysts also increased FY2028 and FY2030 earnings estimates, which can support sentiment around Otter Tail’s longer-term earnings trajectory. Otter Tail analyst update
• Neutral Sentiment: KeyCorp left its rating unchanged at Sector Weight, indicating no strong conviction to buy or sell the stock. Otter Tail analyst update
• Negative Sentiment: KeyCorp lowered its Q2, Q3, and Q4 2026 EPS estimates, which may temper enthusiasm about near-term earnings momentum. Otter Tail analyst update
• Neutral Sentiment: Reported short interest data showed no meaningful change in trading pressure, offering little immediate stock-specific impact. Otter Tail short interest update

About Otter Tail

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.