The Manufacturers Life Insurance Company Buys Shares of 19,564 Otter Tail Corporation $OTTR

Posted by Brenda Bartman on Sep 4th, 2026

The Manufacturers Life Insurance Company purchased a new position in Otter Tail Corporation (NASDAQ:OTTR – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,564 shares of the utilities provider’s stock, valued at approximately $1,760,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Otter Tail by 2.5% during the first quarter. Royal Bank of Canada now owns 116,479 shares of the utilities provider’s stock valued at $9,361,000 after purchasing an additional 2,807 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Otter Tail by 26.9% during the 1st quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider’s stock valued at $1,825,000 after buying an additional 4,815 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Otter Tail by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,611 shares of the utilities provider’s stock worth $1,978,000 after buying an additional 1,067 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Otter Tail during the first quarter worth approximately $223,000. Finally, Jane Street Group LLC lifted its holdings in shares of Otter Tail by 190.8% in the 1st quarter. Jane Street Group LLC now owns 54,112 shares of the utilities provider’s stock worth $4,349,000 after acquiring an additional 35,505 shares during the last quarter. 61.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group reaffirmed a “reduce” rating on shares of Otter Tail in a research note on Friday, May 29th. KeyCorp reissued a “sector weight” rating on shares of Otter Tail in a research note on Monday, June 1st. 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, Weiss Ratings upgraded shares of Otter Tail from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Otter Tail presently has an average rating of “Reduce” and a consensus target price of $86.00.

Read Our Latest Analysis on Otter Tail

Otter Tail Stock Performance

Otter Tail stock opened at $89.27 on Friday. Otter Tail Corporation has a fifty-two week low of $74.15 and a fifty-two week high of $95.09. The stock’s 50 day simple moving average is $91.23 and its two-hundred day simple moving average is $88.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.36 and a current ratio of 1.71. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 19.24 and a beta of 0.44.

Otter Tail (NASDAQ:OTTR – Get Free Report) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.15. The firm had revenue of $334.38 million during the quarter, compared to analyst estimates of $326.13 million. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 EPS. As a group, analysts expect that Otter Tail Corporation will post 5.88 earnings per share for the current fiscal year.

Otter Tail Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a $0.5775 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.31 dividend on an annualized basis and a yield of 2.6%. Otter Tail’s dividend payout ratio is 49.78%.

Otter Tail Profile

(Free Report)

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.