Otter Tail Co.

Otter Tail stock hit a 52-week high of $95.09, reflecting a year-to-date total return of 18.78%. The company has a market capitalization of $3.99 billion, has paid dividends for 56 years and currently yields 2.5%, but appears overvalued relative to its fair-value estimate. For the second quarter, Otter Tail reported adjusted diluted earnings of $1.66 per share versus $1.51 expected and revenue of $334.38 million (expectation $326.12 million), driven by record PVC pipe sales and steady utility growth; however, profit fell year on year due to an antitrust settlement. » More on de.investing.com

Otter Tail reported adjusted earnings per share of $1.66 for the second quarter (expectation $1.51) and revenue of $334.38 million (expectation $326.12 million). Results were supported by record volumes of PVC pipe sales and steady growth in the utility business, despite pricing pressure in the plastics segment and a hit from an antitrust settlement for which $103.5 million was deposited into an escrow account. The company raised its 2026 adjusted earnings guidance to $5.68–6.08, highlights a strong balance sheet with about $278 million in cash and reaffirms long-term growth targets. The stock traded slightly up and is near its 52-week high. » More on de.investing.com

Shares of Otter Tail Corporation climbed to a new 52-week high of $92.88 and are currently trading at $91.82, after a year-to-date return of 21.45%. The company has paid uninterrupted dividends for 56 years and currently offers a yield of 2.56%; the P/E ratio is 13.46. InvestingPro rates the stock as overvalued relative to fair value, while KeyBanc has maintained a sector-weight rating after recent comparisons. In addition, Otter Tail agreed to pay about $74 million in a class-action suit over PVC pipes (including $30 million for end consumers) and filed an integrated resource plan proposing a 50 MW gas plant and two 50 MW wind projects. » More on de.investing.com

Otter Tail Power filed a resource plan for 2027–2041 with the Minnesota Public Utilities Commission that includes, among other things, a 50-megawatt gas-fired power plant (in service 2031–2032) and two 50-megawatt wind projects (grid interconnections in 2035 and 2040). The plan also lists ongoing projects such as the 50 MW Solway Solar project (2026), the 295 MW Abercrombie Solar project (2028) and a 75 MW battery storage system, as well as additional wind capacity. The measures aim to meet demand and ensure resource adequacy; the PUC will review the plan through a regulatory process with public participation. Otter Tail Power also plans to file a separate plan in North Dakota in 2027. » More on de.investing.com

At Otter Tail’s virtual annual meeting, three board members (Jeanne H. Crain, John D. Erickson, Nathan I. Partain) were reelected to three‑year terms. Shareholders also approved the ratification of executive compensation, the confirmation of Deloitte & Touche as auditor for 2026, and an amendment to the bylaws to introduce an exclusive forum clause. A total of 34,713,440 shares were represented; Otter Tail has paid a dividend for 56 consecutive years. » More on de.investing.com