Bank of New York Mellon Corp Has $30.77 Million Holdings in Otter Tail Corporation $OTTR

Bank of New York Mellon Corp lessened its holdings in shares of Otter Tail Corporation (NASDAQ:OTTR) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,608 shares of the utilities provider’s stock after selling 7,969 shares during the period. Bank of New York Mellon Corp’s holdings in Otter Tail were worth $30,773,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. LSV Asset Management grew its position in Otter Tail by 217.6% during the fourth quarter. LSV Asset Management now owns 536,941 shares of the utilities provider’s stock worth $43,390,000 after buying an additional 367,869 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Otter Tail by 108.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 344,149 shares of the utilities provider’s stock worth $27,811,000 after buying an additional 179,149 shares in the last quarter. Two Sigma Investments LP grew its stake in Otter Tail by 465.2% during the third quarter. Two Sigma Investments LP now owns 137,624 shares of the utilities provider’s stock worth $11,281,000 after buying an additional 113,276 shares in the last quarter. Jane Street Group LLC increased its holdings in Otter Tail by 244.2% in the 4th quarter. Jane Street Group LLC now owns 139,137 shares of the utilities provider’s stock valued at $11,244,000 after buying an additional 98,719 shares during the period. Finally, Bank of America Corp DE increased its holdings in Otter Tail by 31.6% in the 2nd quarter. Bank of America Corp DE now owns 409,157 shares of the utilities provider’s stock valued at $31,542,000 after buying an additional 98,243 shares during the period. 61.32% of the stock is owned by institutional investors.

Otter Tail Price Performance

OTTR stock opened at $92.34 on Monday. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 13.84 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.04 and a quick ratio of 1.64. The company has a 50 day simple moving average of $88.90 and a 200 day simple moving average of $87.92. Otter Tail Corporation has a 1 year low of $74.15 and a 1 year high of $95.00.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The firm had revenue of $347.03 million for the quarter, compared to analyst estimates of $339.10 million. Otter Tail had a net margin of 21.34% and a return on equity of 15.21%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.62 earnings per share. Research analysts anticipate that Otter Tail Corporation will post 5.54 EPS for the current fiscal year.

Otter Tail Announces Dividend

The company also recently disclosed 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 dividend payout ratio (DPR) is 34.63%.

Analysts Set New Price Targets

OTTR has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Otter Tail from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Siebert Williams Shank cut shares of Otter Tail from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Wednesday, May 6th. UBS Group restated 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, KeyCorp reaffirmed a “sector weight” rating on shares of Otter Tail in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Key Stories 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

Otter Tail 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.