Otter Tail Corp (OTTR)

Electric Services

Latest Price

$90.35

TTM P/E

19.51

Normalized P/E

14.17

TTM Div Yield

2.44%

Fwd Div Yield

2.56%

Book Value

44.70

P/B Ratio

2.02

Valuation metrics

EPS: $6.55

Book value / share: $44.43

Formula: √(22.5 × EPS × BVPS)

Graham Number

$80.92

11% 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

40% 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

+1% 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