Otter Tail (OTTR)
Runs an Upper Midwest electric utility alongside metal fabrication and PVC pipe businesses.
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Runs a regulated electric utility across Minnesota, North Dakota and South Dakota alongside metal fabrication, thermoformed plastics and PVC pipe businesses. Utility rates are regulator-approved, while the manufacturing operations sell to equipment makers and infrastructure distributors and help fund electric-system investment.
Operates through three segments. Electric houses Otter Tail Power Company, a vertically integrated regulated utility serving western Minnesota, eastern North Dakota and northeastern South Dakota. Manufacturing combines BTD Manufacturing's custom metal parts for equipment makers with T.O. Plastics' thermoformed horticultural containers and custom medical and industrial packaging.
Plastics comprises Northern Pipe Products and Vinyltech, which extrude PVC pipe for municipal water, wastewater and reclamation infrastructure across the western United States and western Canada. BTD integrates design, tooling, fabrication, finishing and inventory management, while the pipe businesses emphasize product availability and responsive distribution.
Cash from the nonutility businesses helps fund electric-system investment. Utility results depend on state rate decisions and federal transmission rules; manufacturing follows OEM demand; pipe margins and output depend on PVC pricing, resin availability and a concentrated distributor base.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $407.2M · Total debt $1.27B · Total assets $4.29B · Shareholders' equity $1.88B
- Revenue
- $334.4M
- Operating income
- −$24.2M
- Net income
- −$7.6M
HistoryDividendAnnual yield
| Institutions | 71.38% | 29.97M shares | |
|---|---|---|---|
| 370 holders · as of Jun 30, 2026 | |||
| Insiders | 1.28% | 537.2K shares | |
| 17 holders · as of Aug 12, 2026 | |||
| Strategic holders | 7.13% | 2.99M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Other | 20.21% | 8.49M shares | |
| remainder | |||
41.99M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.62% | 6.56M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.14% | 3.00M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.13% | 2.99M | filed Feb 3, 2022 |
Vanguard Capital Management LLCInstitution | 4.50% | 1.89M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.92% | 1.65M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Paul L. Knutson | officer: VP, Human Resources | −475 | $94.63 |
| Aug 10, 2026 | Paul L. Knutson | officer: VP, Human Resources | −250 | $92.84 |
| Aug 7, 2026 | Paul L. Knutson | officer: VP, Human Resources | −3,500 | $93.11 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Otter Tail | $88.86 | −1.51% | $3.79B | 19.5 | 15.5 | 2.9 | +0.4% |
| NorthWestern Energy | $69.09 | −1.12% | $4.30B | 25.2 | 18.5 | 2.5 | +14.6% |
| Westlake | $68.99 | +0.27% | $8.81B | — | 18.8 | 0.8 | +10.8% |
| Mayville Engineering | $17.51 | +0.95% | $364.5M | — | 25.2 | 0.6 | +23.2% |
| MGE Energy | $71.38 | −1.82% | $2.74B | 17.9 | 17.8 | 3.6 | +1.1% |
| Advanced Drainage Systems | $129.89 | −0.64% | $10.02B | 22.6 | 20.4 | 3.1 | +20.6% |
| IDACORP | $129.28 | −0.81% | $7.54B | 21.6 | 19.6 | 4.2 | +4.2% |
| Atkore | $94.54 | +0.04% | $3.19B | — | 15.5 | 1.1 | +8.1% |
| Median | 22.1 | 18.8 | 2.5 | +10.8% |