Otter Tail Corp (OTTR)

Electric Services

Latest Price

$88.22

TTM P/E

19.05

Normalized P/E

13.99

Div Yield

2.50%

Book Value

44.76

P/B Ratio

1.97

Valuation metrics

EPS: $6.55

Book value / share: $44.43

Formula: √(22.5 × EPS × BVPS)

Graham Number

$80.92

8% downside

Norm. op. income: $346M (median of 7yr)

Tax rate: 17%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$54.60

38% downside

Base FCF: $98M (median of recent 5yr)

Growth: -5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.79

95% downside

EPS: $6.55

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$91.70

+4% upside

67.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.56M	$590.0M	15.62%	+133.2K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.00M	$269.0M	7.14%	+49.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.89M	$170.0M	4.50%	+25.5K	2026-06-30
STATE STREET CORP	1.65M	$148.0M	3.92%	+76.4K	2026-06-30
LSV ASSET MANAGEMENT	1.19M	$106.0M	2.83%	+143.5K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.11M	$100.0M	2.65%	+58.0K	2026-06-30
MORGAN STANLEY	885.4K	$79.0M	2.11%	+230.9K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	828.0K	$74.0M	1.97%	+12.8K	2026-06-30
TWO SIGMA INVESTMENTS, LP	725.8K	$65.0M	1.73%	--	2026-06-30
FIRST TRUST ADVISORS LP	637.0K	$57.0M	1.52%	+30.5K	2026-06-30