ITC Holdings Corp. Company Profile (NYSE:ITC)

About ITC Holdings Corp.

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
  • Exchange: NYSE
  • Symbol: ITC
  • CUSIP: 46568510
Key Metrics:
  • Previous Close: $46.52
  • 50 Day Moving Average: $46.49
  • 200 Day Moving Average: $44.16
  • Trailing P/E Ratio: 30.05
  • Foreward P/E Ratio: 21.15
  • P/E Growth: 1.74
  • Market Cap: $7.06B
  • Outstanding Shares: 151,770,000
  • Beta: -0.08
Additional Links:
Companies Related to ITC Holdings Corp.:

Analyst Ratings

Consensus Ratings for ITC Holdings Corp. (NYSE:ITC) (?)
Ratings Breakdown: 7 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.30)
Consensus Price Target: $39.80 (14.45% downside)

Analysts' Ratings History for ITC Holdings Corp. (NYSE:ITC)
DateFirmActionRatingPrice TargetDetails
4/18/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
3/10/2016US Capital AdvisorsDowngradeOverweight -> HoldView Rating Details
2/26/2016GabelliDowngradeBuy -> HoldView Rating Details
2/10/2016JPMorgan Chase & Co.Boost Price TargetNeutral$37.00 -> $40.00View Rating Details
2/10/2016WunderlichLower Price TargetBuy$45.00 -> $44.00View Rating Details
2/10/2016Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details
1/9/2016Robert W. BairdUpgradeBuyView Rating Details
12/2/2015ArgusDowngradeBuy -> HoldView Rating Details
11/20/2015Citigroup Inc.Initiated CoverageBuy$36.00 -> $36.00View Rating Details
11/6/2015Barclays PLCLower Price TargetEqual Weight$38.00 -> $36.00View Rating Details
4/13/2015Goldman Sachs Group Inc.Initiated CoverageSell$34.00View Rating Details
10/27/2014Morgan StanleyReiterated RatingOverweight$40.00 -> $50.00View Rating Details
10/17/2014Credit Suisse Group AGUpgradeUnderperform -> Neutral$34.50 -> $36.00View Rating Details
(Data available from 8/24/2014 forward)


Earnings History 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$0.52$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$1.28$1.32$265.79 million$255.36 millionViewN/AView Earnings Details
10/31/2013Q313$1.27$1.26$245.82 million$238.80 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)


Earnings Estimates for ITC Holdings Corp. (NYSE:ITC)
Current Year EPS Consensus Estimate: $2.12 EPS
Next Year EPS Consensus Estimate: $2.20 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.49$0.49$0.49
Q2 20161$0.54$0.54$0.54
Q4 20161$0.51$0.51$0.51
(Data provided by Zacks Investment Research)


Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
Annual Dividend:$0.75
Dividend Yield:1.61%
Payout Ratio:48.70% (Based on Trailing 12 Months of Earnings)
35.38% (Based on Current Year Consensus EPS Estimate)
34.09% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:1.70% (3 Year Average)

Dividend History for ITC Holdings Corp. (NYSE:ITC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for ITC Holdings Corp. (NYSE:ITC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for ITC Holdings Corp. (NYSE:ITC)
News IconShares Showing Gains in the Last Five Trading Sessions: ITC Holdings Corp. (NYSE:ITC) - Post News (NYSE:ITC) - August 23 at 5:55 PM logoITC Holdings Corp. (NYSE:ITC) Gets 0 Recommendations To Sell - Investor Newswire (NYSE:ITC) - August 22 at 5:46 PM logoITC HOLDINGS CORP. : Other Events (form 8-K) (NYSE:ITC) - August 22 at 5:46 PM logoITC HOLDINGS CORP. Files SEC form 8-K, Other Events (NYSE:ITC) - August 22 at 5:46 PM
News IconAnalyst Estimates & PT on ITC Holdings Corp. (NYSE:ITC) - Post News (NYSE:ITC) - August 21 at 10:00 AM logoUptrend Call Working As ITC Holdings Stock Rises 23.5% (ITC) (NYSE:ITC) - August 18 at 5:44 PM logoDaily Dividend Report: ITC, BGG, NOC, ROST, NOV, MSI, XYL, JWN, TIF (NYSE:ITC) - August 18 at 5:44 PM logoITC Holdings (ITC) Declares 15% Hike in Quarterly Dividend (NYSE:ITC) - August 18 at 5:44 PM logoITC : Fortis Inc. Acquisition of ITC Holdings Corp. Approved by Oklahoma Corporation Commission (NYSE:ITC) - August 17 at 5:55 PM logoBRIEF-Fortis' acquisition of ITC Holdings approved by Oklahoma Corporation Commission (NYSE:ITC) - August 17 at 5:55 PM logoITC Increases Quarterly Dividend Rate by 15 Percent (NYSE:ITC) - August 17 at 5:55 PM logoFortis Inc. Acquisition of ITC Holdings Corp. Approved by Oklahoma Corporation Commission - Yahoo Finance (NYSE:ITC) - August 17 at 8:46 AM logoFortis Inc. Acquisition of ITC Holdings Corp. Approved by Oklahoma Corporation Commission - PR Newswire (press release) (NYSE:ITC) - August 16 at 5:50 PM
News IconInvestor's Alert: ITC Holdings Corp. (NYSE:ITC), Boardwalk Pipeline ... - NYSE Journal (press release) (NYSE:ITC) - August 16 at 8:57 AM logoWill ITC Holdings Corp. (NYSE:ITC) Hit $47 Price Target? - Investor Newswire (NYSE:ITC) - August 15 at 5:52 PM
News IconWexford-Missaukee Imagination Library Receives Large Donation (NYSE:ITC) - August 12 at 5:49 PM logoFortis Inc. and ITC Holdings Corp. Announce Expiration of Hart-Scott-Rodino Waiting Period - Yahoo Finance (NYSE:ITC) - August 12 at 8:52 AM logoETF’s with exposure to ITC Holdings Corp. : August 11, 2016 (NYSE:ITC) - August 11 at 5:57 PM logoITC Holdings Up 22.1% Since SmarTrend Uptrend Call (ITC) (NYSE:ITC) - August 11 at 8:49 AM logoITC Holdings Corp. breached its 50 day moving average in a Bearish Manner : ITC-US : August 10, 2016 (NYSE:ITC) - August 10 at 8:37 AM logoITC Holdings Corp. :ITC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 8, 2016 (NYSE:ITC) - August 8 at 5:54 PM logoITC HOLDINGS CORP. Financials (NYSE:ITC) - August 4 at 6:01 PM logoITC Holdings Corporation: ITC REPORTS SECOND QUARTER AND YEAR-TO-DATE 2016 RESULTS (NYSE:ITC) - August 1 at 5:34 PM logoITC Holdings Corp. (NYSE:ITC) Yearly Accounts Payable At $124.331 Millions - (NYSE:ITC) - July 30 at 8:35 AM logoFortis Reports Second Quarter Earnings of $107 Million (NYSE:ITC) - July 29 at 6:48 AM logoSingapore's Sovereign-Wealth Fund Sees Lower Returns Ahead (NYSE:ITC) - July 28 at 8:44 AM logoITC : beats 2Q profit forecasts (NYSE:ITC) - July 28 at 8:44 AM logoITC Reports Second Quarter and Year-to-Date 2016 Results (NYSE:ITC) - July 28 at 8:44 AM logoQ2 2016 ITC Holdings Corp Earnings Release - Before Market Open (NYSE:ITC) - July 28 at 7:07 AM logoITC HOLDINGS CORP. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi (NYSE:ITC) - July 28 at 7:01 AM logoITC beats 2Q profit forecasts (NYSE:ITC) - July 28 at 6:56 AM logoStrs Ohio Marginally Decreases Its Stake in ITC Holdings Corp. Common Stock (ITC) Stock - Finance Daily (NYSE:ITC) - July 27 at 8:31 AM
News IconITC Michigan recycles 4 miles of copper with Goodwill program (NYSE:ITC) - July 26 at 5:55 PM logoCan Shares Of ITC Holdings Corp. (NYSE:ITC) Hit $47? - Investor Newswire (NYSE:ITC) - July 26 at 8:41 AM
News IconNotable Earnings to Watch: Ralph Lauren Corporation (NYSE:RL), ITC Holdings Corp. (NYSE:ITC), First Industrial ... - Engelwood Daily (NYSE:ITC) - July 22 at 5:39 PM
News IconFriday Session Wrap-up for ITC Holdings Corp. (NYSE:ITC) - Engelwood Daily (NYSE:ITC) - July 22 at 5:39 PM logoITC Holdings Corp. versus PNM Resources Inc Head to Head Compare - CML News (NYSE:ITC) - July 22 at 8:41 AM logoITC Holdings Corp. (NYSE:ITC) Current Analyst Ratings - Fiscal Standard (NYSE:ITC) - July 22 at 8:41 AM
News IconEquity Roundup: Stock Performance Focus on ITC Holdings Corp. (NYSE:ITC) - Press Telegraph (NYSE:ITC) - July 22 at 8:41 AM
News IconDetroit Announces ITC Holdings as Sponsor (NYSE:ITC) - July 21 at 11:45 AM
News IconStock Focus: Following Analyst Expectations on Shares of ITC Holdings Corp. (NYSE:ITC) - TGP (NYSE:ITC) - July 20 at 3:45 PM logoStocks Trend Analysis: PPL Corporation (PPL) ITC Holdings Corp. (ITC) Verizon Communications Inc. (VZ) - iStreetWire (NYSE:ITC) - July 20 at 8:44 AM
News IconShares Positive Over the Past Month: ITC Holdings Corp. (NYSE:ITC) - TGP (NYSE:ITC) - July 20 at 8:44 AM
News IconStock Strength in Focus for ITC Holdings Corp. (NYSE:ITC) - Press Telegraph (NYSE:ITC) - July 20 at 8:44 AM logoETF’s with exposure to ITC Holdings Corp. : July 19, 2016 (NYSE:ITC) - July 19 at 12:36 PM logoShares of ITC Holdings (ITC) Drops by -0.56% - Trade Calls (NYSE:ITC) - July 19 at 11:49 AM logoIs $45 Price Target Attainable For ITC Holdings Corp. (NYSE:ITC)? - Investor Newswire (NYSE:ITC) - July 19 at 11:49 AM
News IconCutter & Company Brokerage INC Decreased Stake in Itc Holdings Corp (NYSE:ITC) by $4.45 Million as Shares Rose - Press Telegraph (NYSE:ITC) - July 19 at 11:49 AM
News IconITC Holdings Corp. (NYSE:ITC) Earnings Concentration and Analyst Target Watch - Engelwood Daily (NYSE:ITC) - July 16 at 9:04 AM
News IconStock in Positive Territory for the Quarter: ITC Holdings Corp. (NYSE:ITC) - Engelwood Daily (NYSE:ITC) - July 16 at 9:04 AM


ITC Holdings Corp. (NYSE:ITC) Chart for Wednesday, August, 24, 2016

Last Updated on 8/24/2016 by Staff