JPMorgan Boosts Otter Tail Corp Stake 77% to 605,504 Shares

JPMorgan Chase & Co. materially increased its reported stake in Otter Tail Corporation, lifting holdings 77.3% to 605,504 shares after purchasing 264,009 additional shares, the change appears in an SEC filing summarized in a MarketBeat notice published Feb. 27, 2026. The position equals about 1.44% of Otter Tail and was valued at $49,633,000 at the end of the most recent quarter.

The MarketBeat summary records the trade as occurring “during the third quarter,” with the notice noting the filing was made with the Securities and Exchange Commission. The exact filing form and filing date for JPMorgan’s entry are not specified in the MarketBeat item provided; MarketBeat’s notice is the document that reports the 77.3% increase and the raw share totals.

Other institutional moves in Otter Tail stock highlighted in the same MarketBeat excerpt show multiple portfolio shifts. “Investment Management LLC now owns 77,416 shares of the utilities provider's stock worth $5,968,000 after purchasing an additional 58,511 shares during the period.” HRT Financial LP “bought a new position in shares of Otter Tail during the second quarter valued at approximately $3,897,000.” Brandywine Global Investment Management LLC “boosted its stake in shares of Otter Tail by 168.2% during the second quarter,” and now owns 73,695 shares valued at $5,681,000 after adding 46,216 shares. The file also states that “61.32% of the stock is currently owned by institutional investors.”

Those ownership shifts come against recent quarter-level operating results for the Fergus Falls utility. Otter Tail (NASDAQ:OTTR) last issued quarterly earnings on “Tuesday, February 17th,” reporting $1.23 earnings per share, a $0.07 beat of the $1.16 consensus. Revenue for the quarter was $308.10 million versus analyst expectations of $311.15 million, and the company posted a net margin of 21.16% and return on equity of 15.36%. Revenue was up 1.6% year over year; the comparable quarter in the prior year produced $1.30 EPS. Sell-side analysts are modeling 5.88 EPS for the current year.

MarketBeat’s item also carried the headline notation “Otter Tail Increases Dividend,” though the excerpt supplied does not include the dividend amount, declaration date, or payment schedule. Taken together, the 77.3% increase by JPMorgan, the series of second-quarter stake builds from firms such as Brandywine and HRT Financial, and the 61.32% institutional ownership rate signal heightened attention to Otter Tail’s combination of steady margins, a modest year-over-year revenue gain, and a newly noted dividend move.

For investors and watchers in Fergus Falls and across Otter Tail’s service area, the immediate data points to monitor are the company’s dividend details and the analyst consensus of 5.88 EPS for the year, both cited in the MarketBeat summary that reported JPMorgan’s $49.6 million stake increase.