OTTRNasdaqElectric ServicesFiscal year ends December 31
Otter Tail Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$88.87−1.26 (-1.40%)
Close on Oct 19, 2026
- Market cap
- $3.73B
- P/E (TTM)
- 19.2
- Dividend yield
- 2.36%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
70.1%
29M of 42M shares
Institutional holders
361
48 new, 28 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $394.04K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,574,793 | 15.80% | 13G (passive) amendment | Dec 31, 2023 |
| William H. Gates III | 2,973,337 | 7.10% | 13D (active) amendment | Oct 1, 2024 |
| Vanguard Portfolio Management | 2,963,293 | 7.06% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 2,178,374 | 5.19% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 2,148,193 | 5.10% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of OTTR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,557,596 | 15.62% | $590.05M | +133,222 | 0.01% |
| Vanguard Portfolio Management LLC | 2,996,322 | 7.14% | $269.61M | +49,138 | 0.01% |
| Vanguard Capital Management LLC | 1,891,243 | 4.50% | $170.17M | +25,530 | 0.00% |
| State Street Corp | 1,645,782 | 3.92% | $148.09M | +76,434 | 0.00% |
| Lsv Asset Management | 1,186,461 | 2.83% | $106.76K | +143,548 | 0.19% |
| Geode Capital Management, LLC | 1,112,886 | 2.65% | $100.16M | +57,999 | 0.01% |
| Morgan Stanley | 885,376 | 2.11% | $79.67M | +230,942 | 0.00% |
| Dimensional Fund Advisors LP | 828,016 | 1.97% | $74.50M | +12,775 | 0.01% |
| Two Sigma Investments, LP | 725,769 | 1.73% | $65.30M | +62,835 | 0.05% |
| First Trust Advisors LP | 637,043 | 1.52% | $57.32M | +30,539 | 0.03% |
| Caisse De Depot Et Placement Du Quebec | 539,873 | 1.29% | $48.58M | −30,060 | 0.07% |
| Charles Schwab Investment Management Inc | 519,756 | 1.24% | $46.77M | −4,365 | 0.01% |
| Gabelli Funds LLC | 462,200 | 1.10% | $41.59M | −5,000 | 0.27% |
| Northern Trust Corp | 453,446 | 1.08% | $40.80M | +21,434 | 0.00% |
| D. E. Shaw & Co., Inc. | 447,021 | 1.06% | $40.22M | +47,595 | 0.02% |
| Bank of New York Mellon Corp | 358,275 | 0.85% | $32.24M | +7,667 | 0.01% |
| JPMorgan Chase & Co | 315,978 | 0.75% | $28.25M | −23,655 | 0.00% |
| Bank Of America Corp /De/ | 312,589 | 0.74% | $28.13M | −23,894 | 0.00% |
| Vanguard Fiduciary Trust Co | 278,778 | 0.66% | $25.08M | +6,370 | 0.01% |
| Victory Capital Management Inc | 276,060 | 0.66% | $24.84M | +23,684 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 361 | 29M | 70.1% | 48 / 144 | 102 / 28 | 2M | 2M |
| Q1 2026 | 347 | 29M | 69.7% | 31 / 137 | 96 / 30 | 8M | 1M |
| Q4 2025 | 354 | 28M | 67.5% | 47 / 119 | 121 / 35 | 2M | 2M |
| Q3 2025 | 345 | 29M | 68.7% | 37 / 120 | 112 / 32 | 3M | 1M |
| Q2 2025 | 345 | 28M | 65.9% | 45 / 108 | 129 / 31 | 2M | 1M |
| Q1 2025 | 333 | 27M | 65.4% | 46 / 112 | 112 / 35 | 2M | 2M |
| Q4 2024 | 324 | 27M | 65.5% | 41 / 126 | 96 / 43 | 2M | 1M |
| Q3 2024 | 328 | 26M | 62.9% | 47 / 118 | 97 / 30 | 9M | 1M |
| Q2 2024 | 315 | 25M | 59.0% | 48 / 117 | 81 / 33 | 2M | 3M |
| Q1 2024 | 303 | 26M | 61.2% | 41 / 86 | 111 / 33 | 2M | 2M |
| Q4 2023 | 297 | 26M | 61.8% | 47 / 91 | 96 / 21 | 2M | 1M |
| Q3 2023 | 276 | 25M | 59.2% | 40 / 73 | 105 / 22 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of OTTR | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,529,498 | 6.02% | $227.60M | 0.20% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,336,455 | 3.18% | $120.25M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,003,879 | 2.39% | $90.33M | 0.11% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 963,651 | 2.30% | $86.71M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 609,934 | 1.45% | $54.88M | 0.08% | Jun 30, 2026 |
| First Trust SMID Cap Rising Dividend Achievers ETF | 540,392 | 1.29% | $48.62M | 0.43% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 481,289 | 1.15% | $43.31M | 0.04% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 427,947 | 1.02% | $37.84M | 0.11% | Jul 31, 2026 |
| The Gabelli Utilities Fund | 386,600 | 0.92% | $34.79M | 1.97% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 383,708 | 0.91% | $34.53M | 0.20% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 369,337 | 0.88% | $33.23M | 0.23% | Jun 30, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 281,486 | 0.67% | $25.33M | 0.22% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 262,521 | 0.63% | $22.75M | 0.22% | May 31, 2026 |
| Vanguard Dividend Appreciation Index Fund | 237,579 | 0.57% | $21.01M | 0.02% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 225,432 | 0.54% | $19.93M | 0.10% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Paul L. Knutson | VP, Human Resources | 20,770 | 0.05% | Aug 12, 2026 |
| Tyler J. Nelson | VP, Chief Financial Officer | 4,355 | 0.01% | Apr 15, 2026 |
| Timothy J. Rogelstad | President | 64,460 | 0.15% | Apr 15, 2026 |
| Jennifer O. Smestad | SVP General Counsel & Corp Sec | 19,625 | 0.05% | Apr 15, 2026 |
| Todd R. Wahlund | Senior Vice President | 13,422 | 0.03% | Apr 15, 2026 |
| John S. Abbott | Sr VP, Manufacturing Platform | 60,105 | 0.14% | Feb 12, 2026 |
| Charles S. Macfarlane | President & CEO | 330,107 | 0.79% | Feb 12, 2026 |
| Kathryn O. Johnson | Director | 29,453 | 0.07% | Apr 14, 2026 |
| Jeanne H. Crain | Director | 7,071 | 0.02% | Apr 14, 2026 |
| Christopher B. Clark | Director | 1,900 | 0.00% | Apr 14, 2026 |
| Mary E. Ludford | Director | 7,071 | 0.02% | Apr 14, 2026 |
| Michael E. LeBeau | Director | 9,300 | 0.02% | Apr 14, 2026 |
| Thomas J. Webb | Director | 17,600 | 0.04% | Apr 14, 2026 |
| Nathan I. Partain | Director | 80,130 | 0.19% | Apr 14, 2026 |
| John D. Erickson | Director | 153,605 | 0.37% | Apr 14, 2026 |
| Steven P. Rasche | Director | 2,000 | 0.00% | Apr 14, 2026 |
| Steven L. Fritze | Director | 30,533 | 0.07% | Apr 14, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Paul L. Knutson VP, Human Resources | Aug 11, 2026 | Sale | −475 | $94.63 | $44.95K | 0 |
| Paul L. Knutson VP, Human Resources | Aug 10, 2026 | Sale | −250 | $92.84 | $23.21K | 0 |
| Paul L. Knutson VP, Human Resources | Aug 7, 2026 | Sale | −3,500 | $93.11 | $325.89K | 21,495 |
| Paul L. Knutson VP, Human Resources | Aug 7, 2026 | Gift | −725 | – | – | 20,770 |
| Paul L. Knutson VP, Human Resources | Aug 7, 2026 | Gift | +475 | – | – | 475 |
| Paul L. Knutson VP, Human Resources | Aug 7, 2026 | Gift | +250 | – | – | 250 |
| John D. Erickson Director | Apr 13, 2026 | Award | +1,500 | – | – | 3,133 |
| Steven P. Rasche Director | Apr 13, 2026 | Award | +1,900 | – | – | 2,000 |
| Kathryn O. Johnson Director | Apr 13, 2026 | Award | +1,500 | – | – | 29,453 |
| Mary E. Ludford Director | Apr 13, 2026 | Award | +1,500 | – | – | 7,071 |
| Michael E. LeBeau Director | Apr 13, 2026 | Award | +1,500 | – | – | 9,300 |
| Jeanne H. Crain Director | Apr 13, 2026 | Award | +1,500 | – | – | 7,071 |
| Thomas J. Webb Director | Apr 13, 2026 | Award | +1,500 | – | – | 17,600 |
| Nathan I. Partain Director | Apr 13, 2026 | Award | +2,000 | – | – | 10,969 |
| Christopher B. Clark Director | Apr 13, 2026 | Award | +1,900 | – | – | 1,900 |
| Todd R. Wahlund Chief Financial Officer | Apr 8, 2026 | Tax withholding | −186 | $90.11 | $16.76K | 10,347 |
| Todd R. Wahlund Chief Financial Officer | Apr 8, 2026 | Option exercise | +460 | $90.11 | $41.45K | 10,533 |
| John S. Abbott Sr VP, Manufacturing Platform | Feb 11, 2026 | Award | +8,400 | $86.43 | $726.01K | 55,105 |
| John S. Abbott Sr VP, Manufacturing Platform | Feb 11, 2026 | Tax withholding | −4,209 | $86.43 | $363.78K | 50,896 |
| Timothy J. Rogelstad Sr VP, Electric Platform | Feb 11, 2026 | Tax withholding | −4,212 | $86.43 | $364.04K | 61,080 |
| Timothy J. Rogelstad Sr VP, Electric Platform | Feb 11, 2026 | Award | +8,400 | $86.43 | $726.01K | 65,292 |
| Paul L. Knutson VP, Human Resources | Feb 11, 2026 | Tax withholding | −1,592 | $86.43 | $137.60K | 24,983 |
| Paul L. Knutson VP, Human Resources | Feb 11, 2026 | Award | +3,600 | $86.43 | $311.15K | 26,575 |
| Charles S. Macfarlane President & CEO | Feb 11, 2026 | Tax withholding | −23,515 | $86.43 | $2.03M | 251,597 |
| Charles S. Macfarlane President & CEO | Feb 11, 2026 | Award | +47,700 | $86.43 | $4.12M | 275,112 |
| Jennifer O. Smestad VP, General Council & Corp Sec | Feb 11, 2026 | Award | +6,000 | $86.43 | $518.58K | 22,168 |
| Jennifer O. Smestad VP, General Council & Corp Sec | Feb 11, 2026 | Tax withholding | −3,031 | $86.43 | $261.97K | 19,137 |
| Timothy J. Rogelstad Sr VP, Electric Platform | Feb 6, 2026 | Tax withholding | −763 | $87.83 | $67.01K | 56,892 |
| Timothy J. Rogelstad Sr VP, Electric Platform | Feb 6, 2026 | Option exercise | +1,625 | – | – | 57,655 |
| Paul L. Knutson VP, Human Resources | Feb 6, 2026 | Option exercise | +700 | – | – | 23,254 |
| Paul L. Knutson VP, Human Resources | Feb 6, 2026 | Tax withholding | −279 | $87.83 | $24.50K | 22,975 |
| John S. Abbott Sr VP, Manufacturing Platform | Feb 6, 2026 | Tax withholding | −763 | $87.83 | $67.01K | 46,705 |
| John S. Abbott Sr VP, Manufacturing Platform | Feb 6, 2026 | Option exercise | +1,625 | – | – | 47,468 |
| Charles S. Macfarlane President & CEO | Feb 6, 2026 | Tax withholding | −4,277 | $87.83 | $375.65K | 227,412 |
| Charles S. Macfarlane President & CEO | Feb 6, 2026 | Option exercise | +9,125 | – | – | 231,689 |
| Todd R. Wahlund Chief Financial Officer | Feb 6, 2026 | Option exercise | +675 | – | – | 10,148 |
| Todd R. Wahlund Chief Financial Officer | Feb 6, 2026 | Tax withholding | −119 | $87.83 | $10.45K | 10,029 |
| Jennifer O. Smestad VP, General Council & Corp Sec | Feb 6, 2026 | Option exercise | +1,150 | – | – | 16,709 |
| Jennifer O. Smestad VP, General Council & Corp Sec | Feb 6, 2026 | Tax withholding | −541 | $87.83 | $47.52K | 16,168 |
| Mary E. Ludford Director | Apr 13, 2025 | Award | +1,700 | – | – | 5,429 |
| John D. Erickson Director | Apr 13, 2025 | Award | +1,700 | – | – | 3,233 |
| Steven L. Fritze Director | Apr 13, 2025 | Award | +1,700 | – | – | 30,533 |
| Thomas J. Webb Director | Apr 13, 2025 | Award | +1,700 | – | – | 16,100 |
| Jeanne H. Crain Director | Apr 13, 2025 | Award | +1,700 | – | – | 5,429 |
| Nathan I. Partain Director | Apr 13, 2025 | Award | +2,200 | – | – | 8,741 |
| Michael E. LeBeau Director | Apr 13, 2025 | Award | +1,700 | – | – | 7,800 |
| Kathryn O. Johnson Director | Apr 13, 2025 | Award | +1,700 | – | – | 27,953 |
| Todd R. Wahlund Chief Financial Officer | Apr 8, 2025 | Tax withholding | −308 | $75.39 | $23.22K | 9,038 |
| Todd R. Wahlund Chief Financial Officer | Apr 8, 2025 | Option exercise | +600 | $75.39 | $45.23K | 9,346 |
| Paul L. Knutson VP, Human Resources | Feb 12, 2025 | Tax withholding | −1,390 | $79.62 | $110.67K | 22,530 |
| Paul L. Knutson VP, Human Resources | Feb 12, 2025 | Award | +3,080 | $79.62 | $245.23K | 23,920 |
| Jennifer O. Smestad VP, General Council & Corp Sec | Feb 12, 2025 | Tax withholding | −2,633 | $79.62 | $209.64K | 15,556 |
| Jennifer O. Smestad VP, General Council & Corp Sec | Feb 12, 2025 | Award | +5,320 | $79.62 | $423.58K | 18,189 |
| John S. Abbott Sr VP, Manufacturing Platform | Feb 12, 2025 | Tax withholding | −3,798 | $79.62 | $302.40K | 45,843 |
| John S. Abbott Sr VP, Manufacturing Platform | Feb 12, 2025 | Award | +7,560 | $79.62 | $601.93K | 49,641 |
| Timothy J. Rogelstad Sr VP, Electric Platform | Feb 12, 2025 | Tax withholding | −3,801 | $79.62 | $302.64K | 55,998 |
| Timothy J. Rogelstad Sr VP, Electric Platform | Feb 12, 2025 | Award | +7,560 | $79.62 | $601.93K | 59,799 |
| Charles S. Macfarlane President & CEO | Feb 12, 2025 | Tax withholding | −20,435 | $79.62 | $1.63M | 221,495 |
| Charles S. Macfarlane President & CEO | Feb 12, 2025 | Award | +41,440 | $79.62 | $3.30M | 241,930 |
| Paul L. Knutson VP, Human Resources | Feb 6, 2025 | Option exercise | +775 | – | – | 21,150 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Knutson Paul Officer | Aug 7, 2026 | 3,500 | $328.27K | Aug 7, 2026 | Acquired as compensation -- Restricted Stock Units |
| Jennifer O. Smestad Officer | Aug 13, 2024 | 4,000 | $351.67K | Aug 13, 2024 | Stock Bonus |
| Paul L. Knutson Officer | May 24, 2024 | 4,000 | $362.62K | May 24, 2024 | rsu |
| John D. Erickson Officer, Director | Nov 20, 2023 | 2,500 | $193.25K | Nov 20, 2023 | PERFORMANCE SHARES |