ITC 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
- 50 Day Moving Avg: $45.50
- 200 Day Moving Avg: $45.58
- 52 Week Range: $42.26 - $47.46
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 21.06
- P/E Growth: 0.00
- Net Margins: 22.12%
- Return on Equity: 19.82%
- Return on Assets: 4.44%
- 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. declared a quarterly dividend on Thursday, August 18th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.2155 per share on Thursday, September 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, August 30th. This is a positive change 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) issued its quarterly earnings results on Thursday, July, 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. The firm had revenue of $298 million for the quarter, compared to analyst estimates of $313 million. ITC Holdings Corp. had a net margin of 22.12% and a return on equity of 19.82%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. View ITC Holdings Corp.'s Earnings History.
Who are some of ITC Holdings Corp.'s key competitors?
Some companies that are related to ITC Holdings Corp. include NextEra Energy (NEE), Duke Energy Corp (DUK), Dominion Resources (D), Southern Co (SO), American Electric Power Company (AEP), PG&E Co. (PCG), PPL Corp (PPL), Edison International (EIX), Consolidated Edison (ED), Korea Electric Power (KEP), Xcel Energy (XEL), WEC Energy Group (WEC), DTE Energy Co (DTE), Entergy (ETR), Ameren Corp (AEE), CMS Energy (CMS), FirstEnergy Corp. (FE) and Huaneng Power International (HNP).
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.
Earnings History for ITC Holdings Corp. (NYSE:ITC)Earnings History by Quarter for ITC Holdings Corp. (NYSE:ITC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/28/2016||Q216||$0.55||$0.58||$313.00 million||$298.00 million||View||N/A|
|4/28/2016||Q116||$0.50||$0.55||$282.53 million||$280.13 million||View||Listen|
|2/25/2016||Q415||$0.56||$0.57||$320.52 million||$224.03 million||View||Listen|
|11/5/2015||Q315||$0.53||$0.53||$305.16 million||$273.20 million||View||N/A|
|7/30/2015||Q215||$0.51||$0.52||$284.75 million||$275.05 million||View||Listen|
|4/30/2015||Q115||$0.48||$0.47||$283.07 million||$272.50 million||View||N/A|
|2/26/2015||Q414||$0.50||$0.48||$281.86 million||$231.09 million||View||N/A|
|10/30/2014||Q314||$0.47||$0.47||$273.90 million||$270.10 million||View||N/A|
|8/6/2014||Q214||$0.45||$0.46||$265.01 million||$263.20 million||View||N/A|
|5/1/2014||Q114||$0.43||$0.44||$250.79 million||$258.60 million||View||N/A|
|2/27/2014||Q413||$1.30||$1.32||$265.79 million||$255.36 million||View||N/A|
|7/24/2013||Q2 2013||$1.20||$1.20||$240.02 million||$229.82 million||View||N/A|
|4/23/2013||Q1 2013||$1.13||$1.12||$232.60 million||$217.30 million||View||N/A|
|2/27/2013||Q4 2012||$1.08||$1.09||$235.67 million||$221.60 million||View||N/A|
Earnings Estimates for ITC Holdings Corp. (NYSE:ITC)
Current Year EPS Consensus Estimate: $2.13 EPS
Next Year EPS Consensus Estimate: $2.16 EPS
Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
|Most Recent Dividend:||9/15/2016|
|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 History by Quarter for ITC Holdings Corp. (NYSE:ITC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for ITC Holdings Corp. (NYSE:ITC)
Insider Ownership Percentage: 3.20%Insider Trades by Quarter for ITC Holdings Corp. (NYSE:ITC)
Institutional Ownership Percentage: 84.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/19/2016||Albert Ernst||Director||Buy||30||$45.66||$1,369.80|| |
|8/2/2016||Albert Ernst||Director||Buy||21||$46.24||$971.04|| |
|5/27/2016||Soneral Christine Mason||SVP||Sell||8,616||$44.54||$383,756.64|| |
|5/2/2016||Albert Ernst||Director||Buy||24||$44.05||$1,057.20|| |
|5/2/2016||Linda H Blair||EVP||Sell||27,246||$44.36||$1,208,632.56|| |
|4/29/2016||Joseph L Welch||CEO||Sell||23,274||$43.91||$1,021,961.34|| |
|4/29/2016||Soneral Christine Mason||SVP||Sell||23,688||$44.12||$1,045,114.56|| |
|2/29/2016||Albert Ernst||Director||Buy||121||$40.67||$4,921.07|| |
|9/5/2014||Jon E Jipping||COO||Sell||19,086||$37.75||$720,496.50|| |
|8/28/2014||Jon E Jipping||COO||Sell||7,311||$37.50||$274,162.50|| |
|8/27/2014||Jon E Jipping||COO||Sell||29,898||$37.50||$1,121,175.00|| |
|6/18/2014||Cameron M Bready||CFO||Sell||79,575||$37.29||$2,967,351.75|| |
|6/3/2014||Cameron M Bready||CFO||Sell||40,175||$37.49||$1,506,160.75|| |
|6/2/2014||William J Museler||Director||Sell||3,054||$37.47||$114,433.38|| |
|5/7/2014||Jon Jipping||COO||Sell||30,210||$37.27||$1,125,926.70|| |
|3/12/2013||Cameron M Bready||CFO||Sell||21,751||$86.03||$1,871,238.53|| |
Headline Trends for ITC Holdings Corp. (NYSE:ITC)
Latest Headlines for ITC Holdings Corp. (NYSE:ITC)
ITC Holdings Corp. (ITC) Chart for Thursday, May, 25, 2017