ITC Holdings Corp. Company Profile (NYSE:ITC)

About ITC Holdings Corp. (NYSE:ITC)

ITC Holdings Corp. logoITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company's business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Electric Utilities
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:ITC
  • CUSIP: 46568510
  • Web: www.itc-holdings.com
Average Prices:
  • 50 Day Moving Avg: $45.50
  • 200 Day Moving Avg: $45.58
  • 52 Week Range: $42.26 - $47.46
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.06
  • P/E Growth: 0.00
Profitability:
  • Net Margins: 22.12%
  • Return on Equity: 19.82%
  • Return on Assets: 4.44%
Debt:
  • Debt-to-Equity Ratio: 2.31%
  • Current Ratio: 0.46%
  • Quick Ratio: 0.42%
 

Frequently Asked Questions for ITC Holdings Corp. (NYSE:ITC)

What is ITC Holdings Corp.'s stock symbol?

ITC Holdings Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITC."

How often does ITC Holdings Corp. pay dividends? What is the dividend yield for ITC Holdings Corp.?

ITC Holdings Corp. announced a quarterly dividend on Thursday, August 18th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.2155 per share on Thursday, September 15th. This represents a $0.86 annualized dividend and a yield of 1.89%. The ex-dividend date is Tuesday, August 30th. This is an increase from ITC Holdings Corp.'s previous quarterly dividend of $0.19. View ITC Holdings Corp.'s Dividend History.

How were ITC Holdings Corp.'s earnings last quarter?

ITC Holdings Corp. (NYSE:ITC) posted its quarterly earnings results on Thursday, July, 28th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. The firm earned $298 million during the quarter, compared to analysts' expectations of $313 million. ITC Holdings Corp. had a net margin of 22.12% and a return on equity of 19.82%. ITC Holdings Corp.'s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. View ITC Holdings Corp.'s Earnings History.

Who are some of ITC Holdings Corp.'s key competitors?

How do I buy ITC Holdings Corp. stock?

Shares of ITC Holdings Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of ITC Holdings Corp. stock cost?

One share of ITC Holdings Corp. stock can currently be purchased for approximately $45.50.

Analyst Ratings

Consensus Ratings for ITC Holdings Corp. (NYSE:ITC) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for ITC Holdings Corp. (NYSE:ITC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/13/2016Edward JonesDowngradeBuy -> HoldN/AView Rating Details
4/18/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
3/10/2016US Capital AdvisorsDowngradeOverweight -> HoldN/AView Rating Details
2/26/2016GabelliDowngradeBuy -> HoldN/AView Rating Details
2/10/2016JPMorgan Chase & Co.Boost Price TargetNeutral$37.00 -> $40.00N/AView Rating Details
2/10/2016WunderlichLower Price TargetBuy$45.00 -> $44.00N/AView Rating Details
2/10/2016Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
1/9/2016Robert W. BairdUpgradeBuyN/AView Rating Details
12/2/2015ArgusDowngradeBuy -> HoldN/AView Rating Details
11/20/2015Citigroup IncInitiated CoverageBuy$36.00 -> $36.00N/AView Rating Details
11/6/2015Barclays PLCLower Price TargetEqual Weight$38.00 -> $36.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for ITC Holdings Corp. (NYSE:ITC)
Earnings by Quarter for ITC Holdings Corp. (NYSE:ITC)
Earnings History by Quarter for ITC Holdings Corp. (NYSE:ITC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/28/2016Q216$0.55$0.58$313.00 million$298.00 millionViewN/AView Earnings Details
4/28/2016Q116$0.50$0.55$282.53 million$280.13 millionViewListenView Earnings Details
2/25/2016Q415$0.56$0.57$320.52 million$224.03 millionViewListenView Earnings Details
11/5/2015Q315$0.53$0.53$305.16 million$273.20 millionViewN/AView Earnings Details
7/30/2015Q215$0.51$0.52$284.75 million$275.05 millionViewListenView Earnings Details
4/30/2015Q115$0.48$0.47$283.07 million$272.50 millionViewN/AView Earnings Details
2/26/2015Q414$0.50$0.48$281.86 million$231.09 millionViewN/AView Earnings Details
10/30/2014Q314$0.47$0.47$273.90 million$270.10 millionViewN/AView Earnings Details
8/6/2014Q214$0.45$0.46$265.01 million$263.20 millionViewN/AView Earnings Details
5/1/2014Q114$0.43$0.44$250.79 million$258.60 millionViewN/AView Earnings Details
2/27/2014Q413$1.30$1.32$265.79 million$255.36 millionViewN/AView Earnings Details
7/24/2013Q2 2013$1.20$1.20$240.02 million$229.82 millionViewN/AView Earnings Details
4/23/2013Q1 2013$1.13$1.12$232.60 million$217.30 millionViewN/AView Earnings Details
2/27/2013Q4 2012$1.08$1.09$235.67 million$221.60 millionViewN/AView Earnings Details
10/23/2012$1.02$0.98ViewN/AView Earnings Details
7/31/2012$1.00$1.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for ITC Holdings Corp. (NYSE:ITC)
Current Year EPS Consensus Estimate: $2.13 EPS
Next Year EPS Consensus Estimate: $2.16 EPS

Dividends

Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
Most Recent Dividend:9/15/2016
Annual Dividend:$0.86
Dividend Yield:1.89%
Dividend Growth:3.30% (3 Year Average)
Payout Ratio:55.84% (Trailing 12 Months of Earnings)
40.38% (Based on This Year's Estimates)
39.81% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for ITC Holdings Corp. (NYSE:ITC)

Dividend History by Quarter for ITC Holdings Corp. (NYSE:ITC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/18/2016quarterly$0.221.83%8/30/20169/1/20169/15/2016
5/20/2016quarterly$0.191.69%5/27/20166/1/20166/15/2016
2/5/2016quarterly$0.191.91%2/26/20163/1/20163/15/2016
11/19/2015quarterly$0.192.34%11/27/201512/1/201512/15/2015
8/20/2015quarterly$0.192.12%8/28/20159/1/20159/15/2015
5/21/2015quarterly$0.161.81%5/28/20156/1/20156/15/2015
2/5/2015quarterly$0.161.53%2/26/20153/2/20153/16/2015
8/13/2014quarterly$0.161.78%8/28/20149/2/20149/15/2014
5/21/2014quarterly$0.141.54%5/29/20146/2/20146/16/2014
2/6/2014quarterly$0.141.7%3/6/20143/10/20143/19/2014
11/13/2013quarterly$0.431.81%11/27/201312/2/201312/16/2013
8/14/2013quarterly$0.431.93%8/29/20139/3/20139/16/2013
5/16/2013quarterly$0.381.69%5/30/20136/3/20136/17/2013
2/14/2013quarterly$0.381.87%2/27/20133/1/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for ITC Holdings Corp. (NYSE:ITC)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 84.21%
Insider Trades by Quarter for ITC Holdings Corp. (NYSE:ITC)
Institutional Ownership by Quarter for ITC Holdings Corp. (NYSE:ITC)
Insider Trades by Quarter for ITC Holdings Corp. (NYSE:ITC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/19/2016Albert ErnstDirectorBuy30$45.66$1,369.80View SEC Filing  
8/2/2016Albert ErnstDirectorBuy21$46.24$971.04View SEC Filing  
5/27/2016Soneral Christine MasonSVPSell8,616$44.54$383,756.64View SEC Filing  
5/2/2016Albert ErnstDirectorBuy24$44.05$1,057.20View SEC Filing  
5/2/2016Linda H BlairEVPSell27,246$44.36$1,208,632.56View SEC Filing  
4/29/2016Joseph L WelchCEOSell23,274$43.91$1,021,961.34View SEC Filing  
4/29/2016Soneral Christine MasonSVPSell23,688$44.12$1,045,114.56View SEC Filing  
2/29/2016Albert ErnstDirectorBuy121$40.67$4,921.07View SEC Filing  
9/5/2014Jon E JippingCOOSell19,086$37.75$720,496.50View SEC Filing  
8/28/2014Jon E JippingCOOSell7,311$37.50$274,162.50View SEC Filing  
8/27/2014Jon E JippingCOOSell29,898$37.50$1,121,175.00View SEC Filing  
6/18/2014Cameron M BreadyCFOSell79,575$37.29$2,967,351.75View SEC Filing  
6/3/2014Cameron M BreadyCFOSell40,175$37.49$1,506,160.75View SEC Filing  
6/2/2014William J MuselerDirectorSell3,054$37.47$114,433.38View SEC Filing  
5/7/2014Jon JippingCOOSell30,210$37.27$1,125,926.70View SEC Filing  
3/12/2013Cameron M BreadyCFOSell21,751$86.03$1,871,238.53View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for ITC Holdings Corp. (NYSE:ITC)
Latest Headlines for ITC Holdings Corp. (NYSE:ITC)
Source:
DateHeadline
americanbankingnews.com logoITC Holdings Corp. (ITC) Earning Positive Press Coverage, Report Finds
www.americanbankingnews.com - May 2 at 11:46 AM
rttnews.com logoCMS Energy And Consumers Energy EVP And CFO Thomas Webb Named Vice Chairman
www.rttnews.com - May 1 at 6:15 PM
prnewswire.com logoCMS Energy and Consumers Energy Executive Vice President and Chief Financial Officer Tom Webb Named Vice ... - PR Newswire (press release)
www.prnewswire.com - May 1 at 1:14 PM
fool.ca logo2 Dividend-Growth Stocks to Build Wealth in Your RRSP
www.fool.ca - April 27 at 6:34 PM
americanbankingnews.com logoITC Holdings Corp. (ITC) Receiving Positive Media Coverage, Report Finds
www.americanbankingnews.com - April 25 at 4:10 PM
americanbankingnews.com logoITC Holdings Corp. (ITC) Getting Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 20 at 8:11 PM
finance.yahoo.com logoWill India’s GDP Growth Support Market Performance in 2017?
finance.yahoo.com - April 11 at 11:48 AM
businesswire.com logoMotorola Solutions Files Patent Infringement Complaint with U.S. International Trade Commission Against Hytera Communications
www.businesswire.com - March 29 at 10:28 AM
seekingalpha.com logo4 Attractively Valued Canadian Utilities For Dividend Investors
seekingalpha.com - February 23 at 6:00 PM
streetinsider.com logoForm SC 13G/A ITC Holdings Corp. Filed by: MORGAN STANLEY - StreetInsider.com
www.streetinsider.com - February 15 at 6:04 AM
reuters.com logoABN Amro authorized to subpoena more Transmar units in asset search
www.reuters.com - February 14 at 7:26 PM
nasdaq.com logoThornburg Investment Management Inc Buys CVS Health, Canadian Pacific Railway, Yum China ...
www.nasdaq.com - February 11 at 11:03 PM
nasdaq.com logoReaves WH & Co Inc Buys Fortis, PG&E, Atmos Energy, Sells ITC Holdings, Level 3 ... - Nasdaq
www.nasdaq.com - February 9 at 6:55 PM
reuters.com logoBRIEF-ITC Corp was informed by vendor that vendor and Ace Pride Holdings entered into sale and purchase agreement
www.reuters.com - January 27 at 8:06 PM
reuters.com logoITC gets Canadian approval for Ontario-Pennsylvania Lake Erie power line - Reuters
www.reuters.com - January 19 at 7:47 PM

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Chart

ITC Holdings Corp. (ITC) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff