Otter Tail Corp
Close on Oct 19, 2026
- Market cap
- $3.73B
- P/E (TTM)
- 19.2
- Dividend yield
- 2.36%
About Otter Tail
Electric Services, SIC 4911
Otter Tail Corporation is a diversified holding company that operates through three primary segments: Electric, Manufacturing, and Plastics. The Electric segment generates, transmits, and distributes electricity to retail residential, commercial, industrial, and wholesale energy customers via Otter Tail Power Company. The Manufacturing segment produces precision metal parts and plastic items, operating through entities such as BTD Manufacturing and T.O. Plastics. The Plastics segment manufactures polyvinyl chloride piping products through companies including Northern Pipe Products and Vinyltech Corporation.
The company's electric operations encompass facilities including the Coyote Station, Big Stone Plant, and regional transmission network lines across utility territories governed by regulators in North Dakota, South Dakota, and Minnesota. Otter Tail Corporation also maintains industrial manufacturing and pipe production locations, along with corporate subsidiaries including Varistar Corporation and Otter Tail Assurance Limited. The provided text contains no statements regarding the company's specific headquarters location or founding date.
Summary of the business section of Otter Tail's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Otter Tail Corp
- Founded
- 1909
- Headquarters
- Fergus Falls, MN
- Address
- 215 S Cascade St, Po Box 496 56538-0496
- Phone
- (866) 410-8780
- Website
- www.ottertail.com
- Employees
- 2,198, Dec 31, 2025
- Industry
- Electric Services
- Incorporated in
- Minnesota
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Minneapolis, Minnesota
Stock & identifiers
- Ticker
- OTTR
- Exchange
- Nasdaq
- Shares outstanding
- 42M, Jul 31, 2026
- Public float
- $3.13B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Mar 16, 2000; 2-for-1, Jun 16, 1988
- SEC CIK
- 1466593
- CUSIP
- 689648103
- ISIN
- US6896481032
- LEI
- 549300HHVBQRQUVKKD91
- EIN
- 27-0383995
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Paul L. Knutson | VP, Human Resources | 20,770 |
| Tyler J. Nelson | VP, Chief Financial Officer | 4,355 |
| Timothy J. Rogelstad | President | 64,460 |
| Jennifer O. Smestad | SVP General Counsel & Corp Sec | 19,625 |
| Todd R. Wahlund | Senior Vice President | 13,422 |
| John S. Abbott | Sr VP, Manufacturing Platform | 60,105 |
| Charles S. Macfarlane | President & CEO | 330,107 |
| Kathryn O. Johnson | Director | 29,453 |
| Jeanne H. Crain | Director | 7,071 |
| Christopher B. Clark | Director | 1,900 |
| Mary E. Ludford | Director | 7,071 |
| Michael E. LeBeau | Director | 9,300 |
| Thomas J. Webb | Director | 17,600 |
| Nathan I. Partain | Director | 80,130 |
| John D. Erickson | Director | 153,605 |
| Steven P. Rasche | Director | 2,000 |
| Steven L. Fritze | Director | 30,533 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. MacFarlane | $6.79M | $7.77M | $1.71M | $220 | $150 |
| FY2024 Mr. MacFarlane | $6.39M | $4.77M | $1.56M | $194 | $134 |
| FY2023 Mr. MacFarlane | $5.82M | $12.14M | $1.54M | $216 | $110 |
| FY2022 Mr. MacFarlane | $5.06M | $3.65M | $1.34M | $146 | $119 |
| FY2021 Mr. MacFarlane | $4.73M | $11.07M | $1.41M | $108 | $117 |
| FY2020 Mr. MacFarlane | $5.13M | $3.54M | $1.51M | $86 | $97 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 2,198 full-time employees as shown in the table below:”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Mar 12, 2013 | Deregistration | Termination of SEC registration (Form 15) |