KeyCorp Issues Negative Forecast for Otter Tail Earnings

Otter Tail Corporation (NASDAQ:OTTR) – Equities researchers at KeyCorp lowered their Q2 2026 earnings estimates for shares of Otter Tail in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now anticipates that the utilities provider will earn $1.48 per share for the quarter, down from their prior forecast of $1.56. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Otter Tail’s current full-year earnings is $5.54 per share. KeyCorp also issued estimates for Otter Tail’s Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at $0.91 EPS, FY2026 earnings at $5.54 EPS, FY2027 earnings at $4.72 EPS, FY2028 earnings at $4.45 EPS, FY2029 earnings at $4.85 EPS and FY2030 earnings at $5.36 EPS.

Several other brokerages have also recently weighed in on OTTR. Zacks Research cut Otter Tail from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Siebert Williams Shank downgraded Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Wednesday, May 6th. Weiss Ratings upgraded Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, UBS Group reaffirmed a “reduce” rating on shares of Otter Tail in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.00.

Otter Tail Trading Up 0.1%

OTTR opened at $92.34 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.04 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $88.90 and its two-hundred day moving average is $87.88. The company has a market capitalization of $3.88 billion, a P/E ratio of 13.84 and a beta of 0.45. Otter Tail has a 52 week low of $74.15 and a 52 week high of $95.00.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.31. Otter Tail had a net margin of 21.34% and a return on equity of 15.21%. The firm had revenue of $347.03 million during the quarter, compared to the consensus estimate of $339.10 million. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OTTR. Bank & Trust Co lifted its stake in shares of Otter Tail by 0.3% during the 2nd quarter. Bank & Trust Co now owns 119,641 shares of the utilities provider’s stock worth $10,765,000 after purchasing an additional 405 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in Otter Tail in the second quarter valued at about $7,778,000. Tactive Advisors LLC bought a new position in Otter Tail in the second quarter worth about $364,000. Hennion & Walsh Asset Management Inc. raised its holdings in Otter Tail by 90.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,729 shares of the utilities provider’s stock worth $875,000 after purchasing an additional 4,617 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Otter Tail by 3.5% during the first quarter. Bank of America Corp DE now owns 336,483 shares of the utilities provider’s stock valued at $29,533,000 after buying an additional 11,363 shares during the last quarter. 61.32% of the stock is owned by institutional investors.

Otter Tail Dividend Announcement

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

Otter Tail News Roundup

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

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.