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: $46.48
  • 50 Day Moving Average: $46.14
  • 200 Day Moving Average: $45.06
  • 52-Week Range: $30.33 - $47.46
  • Trailing P/E Ratio: 30.03
  • Foreward P/E Ratio: 20.84
  • P/E Growth: 1.72
  • Market Cap: $7.05B
  • Outstanding Shares: 151,770,000
  • Beta: -0.01
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%
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 (14.37% downside)

Analysts' Ratings History for ITC Holdings Corp. (NYSE:ITC)
Show:
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 10/1/2014 forward)

Earnings

Earnings History for ITC Holdings Corp. (NYSE:ITC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2016        
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)

Estimates

Earnings Estimates for ITC Holdings Corp. (NYSE:ITC)
Current Year EPS Consensus Estimate: $2.16 EPS
Next Year EPS Consensus Estimate: $2.23 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)

Dividends

Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
Annual Dividend:$0.86
Dividend Yield:1.85%
Dividend Growth:1.70% (3 Year Average)
Payout Ratio:55.84% (Based on Trailing 12 Months of Earnings)
39.81% (Based on Current Year Consensus EPS Estimate)
38.57% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History 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 History for ITC Holdings Corp. (NYSE:ITC)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 84.22%
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

Latest Headlines for ITC Holdings Corp. (NYSE:ITC)
DateHeadline
4-traders.com logoITC HOLDINGS CORP. : Other Events (form 8-K) (NYSE:ITC)
www.4-traders.com - September 29 at 10:44 AM
biz.yahoo.com logoITC HOLDINGS CORP. Files SEC form 8-K, Other Events (NYSE:ITC)
biz.yahoo.com - September 29 at 10:44 AM
News IconITC Holdings, CEO Podcast: Conversations on Economic Opportunity (NYSE:ITC)
www.mlive.com - September 28 at 5:30 PM
News IconAnalyst Review: ITC Holdings Corp. (NYSE:ITC) - NewsDen (NYSE:ITC)
newsden.net - September 28 at 10:34 AM
News IconITC Holdings, CEO Podcast: Conversations on Economic Opportunity - MLive.com (NYSE:ITC)
www.mlive.com - September 27 at 10:18 AM
prnewswire.com logoFortis Inc. and GIC Acquisition of ITC Holdings Corp. Authorized by the Federal Energy Regulatory Commission - PR Newswire (press release) (NYSE:ITC)
www.prnewswire.com - September 27 at 10:18 AM
4-traders.com logoFortis : Public Service Commission of Wisconsin Votes to Approve Fortis Inc. Acquisition of ITC Holdings Corp (NYSE:ITC)
www.4-traders.com - September 26 at 5:46 PM
streetinsider.com logoFortis, ITC Holdings (ITC) Deal Approved by FERC (NYSE:ITC)
www.streetinsider.com - September 26 at 5:46 PM
theglobeandmail.com logoFortis wins key approval to buy U.S. electric grid based in Michigan (NYSE:ITC)
www.theglobeandmail.com - September 26 at 5:46 PM
News IconRestated Stocks Active on Selling Boundary- Southern Company (NYSE:SO), ITC Holdings Corp. (NYSE:ITC) - Seneca Globe (NYSE:ITC)
www.senecaglobe.com - September 26 at 10:20 AM
marketwired.com logoFortis Inc. and GIC Acquisition of ITC Holdings Corp. Authorized by the Federal Energy Regulatory Commission - Marketwired (press release) (NYSE:ITC)
www.marketwired.com - September 26 at 10:20 AM
realistinvestor.com logoITC Holdings Corp. (NYSE:ITC)'s Accounts Payable Is $146.934 - RealistInvestor.com (NYSE:ITC)
www.realistinvestor.com - September 25 at 5:04 PM
prnewswire.com logoPublic Service Commission of Wisconsin Votes to Approve Fortis Inc. Acquisition of ITC Holdings Corp. - PR Newswire (press release) (NYSE:ITC)
www.prnewswire.com - September 25 at 5:04 PM
finance.yahoo.com logo6:32 am ITC Holdings & Fortis announces the Public Service Commission of Wisconsin voted to approve the previously announced merger (NYSE:ITC)
finance.yahoo.com - September 24 at 10:11 AM
reuters.com logoBRIEF-Public Service Commission of Wisconsin votes to approve Fortis acquisition of ITC holdings (NYSE:ITC)
www.reuters.com - September 23 at 5:23 PM
realistinvestor.com logoITC Holdings Corp. (NYSE:ITC)’s Accounts Payable Is $146.934 (NYSE:ITC)
www.realistinvestor.com - September 23 at 5:23 PM
stocksdaily.net logoITC Holdings Corp. (NYSE:ITC) Ratings in Focus (NYSE:ITC)
www.stocksdaily.net - September 23 at 5:23 PM
streetinsider.com logoForm 425 ITC Holdings Corp. Filed by: Fortis Inc. - StreetInsider.com (NYSE:ITC)
www.streetinsider.com - September 23 at 8:49 AM
publicnow.com logoPublic Service Commission of Wisconsin Votes to Approve Fortis Inc. Acquisition of ITC Holdings Corp. (NYSE:ITC)
www.publicnow.com - September 23 at 8:49 AM
News IconShares Have Ticked Up Over the Last Five Trading Sessions: ITC Holdings Corp. (NYSE:ITC) - Post News (NYSE:ITC)
www.kentuckypostnews.com - September 20 at 10:48 AM
News IconWhat is the Sell-side Saying About ITC Holdings Corp. (NYSE:ITC)? - Frisco Fastball (NYSE:ITC)
friscofastball.com - September 20 at 10:48 AM
investornewswire.com logoShares Of ITC Holdings Corp. (NYSE:ITC) Expected To Hit $47 - Investor Newswire (NYSE:ITC)
www.investornewswire.com - September 19 at 5:43 PM
nasdaq.com logoMay 2017 Options Now Available For ITC Holdings (ITC) - Nasdaq (NYSE:ITC)
www.nasdaq.com - September 19 at 5:43 PM
4-traders.com logoITC : Conducting Aerial Patrols of Transmission Lines in Northern Michigan (NYSE:ITC)
www.4-traders.com - September 19 at 10:13 AM
publicnow.com logoITC Conducting Aerial Patrols of Transmission Lines in Northern Michigan (NYSE:ITC)
www.publicnow.com - September 19 at 10:13 AM
4-traders.com logoITC : Fortis Inc. Acquisition of ITC Holdings Corp. Approved by Missouri Public Service Commission (NYSE:ITC)
www.4-traders.com - September 16 at 5:32 PM
reuters.com logoBRIEF-Fortis Inc. acquisition of ITC Holdings Corp. approved by Missouri Public Service Commission (NYSE:ITC)
www.reuters.com - September 16 at 5:32 PM
finance.yahoo.com logoITC Holdings' Takeover by Fortis Gets Regulatory Approval (NYSE:ITC)
finance.yahoo.com - September 16 at 9:38 AM
mysmartrend.com logoITC Holdings Up 20.4% Since SmarTrend Uptrend Call (ITC) (NYSE:ITC)
www.mysmartrend.com - September 13 at 10:31 AM
investornewswire.com logoCan Shares Of ITC Holdings Corp. (NYSE:ITC) Hit $47 - Investor Newswire (NYSE:ITC)
www.investornewswire.com - September 12 at 5:32 PM
News IconStock Update on Earnings & Estimates for ITC Holdings Corp. (NYSE:ITC) - Frisco Fastball (NYSE:ITC)
friscofastball.com - September 10 at 10:05 AM
News IconStock Valuation Recap for ITC Holdings Corp. (NYSE:ITC) - Post News (NYSE:ITC)
www.kentuckypostnews.com - September 10 at 10:05 AM
capitalcube.com logoITC Holdings Corp. – Value Analysis (NYSE:ITC) : September 9, 2016 (NYSE:ITC)
www.capitalcube.com - September 9 at 5:30 PM
News IconHistory of Rexnord Corporation (NYSE:RXN) stock price after earnings (NYSE:ITC)
myhealthbowl.com - September 9 at 10:24 AM
News IconITC Holdings Corp. (NYSE:ITC): What is the Sell-side Making of this Stock? - Post News (NYSE:ITC)
www.kentuckypostnews.com - September 8 at 5:34 PM
streetinsider.com logoForm 4 ITC Holdings Corp. For: Sep 06 Filed by: Jipping Jon E - StreetInsider.com (NYSE:ITC)
www.streetinsider.com - September 8 at 5:34 PM
streetinsider.com logoForm 4 ITC Holdings Corp. For: Sep 06 Filed by: Jipping Jon E (NYSE:ITC)
www.streetinsider.com - September 8 at 9:37 AM
publicnow.com logoITC Conducting Aerial Patrols of Transmission Lines in Southern Michigan (NYSE:ITC)
www.publicnow.com - September 8 at 9:37 AM
capitalcube.com logoITC Holdings Corp. breached its 50 day moving average in a Bullish Manner : ITC-US : September 8, 2016 (NYSE:ITC)
www.capitalcube.com - September 8 at 9:37 AM
stocksdaily.net logoITC Holdings Corp. (NYSE:ITC): The Buzzing Stock | Stocks Daily - Stocks Daily (NYSE:ITC)
www.stocksdaily.net - September 3 at 10:12 AM
seekingalpha.com logoFortis Acquisition Of ITC Holdings Corp. On Track To Deliver (NYSE:ITC)
seekingalpha.com - September 1 at 5:35 PM
seekingalpha.com logoFortis Acquisition Of ITC Holdings Corp. On Track To Deliver - Seeking Alpha (NYSE:ITC)
seekingalpha.com - September 1 at 8:41 AM
4-traders.com logoITC : How These Electric Utilities Stocks are Faring? -- NextEra Energy, WEC Energy, DTE Energy, and ITC Holdings (NYSE:ITC)
www.4-traders.com - August 30 at 5:45 PM
capitalcube.com logoETF’s with exposure to ITC Holdings Corp. : August 30, 2016 (NYSE:ITC)
www.capitalcube.com - August 30 at 5:45 PM
publicnow.com logoITC Conducting Aerial Patrols of Transmission Lines in Western Michigan (NYSE:ITC)
www.publicnow.com - August 30 at 5:45 PM
investornewswire.com logoCan Shares Of ITC Holdings Corp. (NYSE:ITC) Get To $47? - Investor Newswire (NYSE:ITC)
www.investornewswire.com - August 30 at 8:56 AM
nasdaq.com logoITC Holdings Corp. (ITC) Ex-Dividend Date Scheduled for August 30, 2016 - Nasdaq (NYSE:ITC)
www.nasdaq.com - August 30 at 8:56 AM
capitalcube.com logoITC Holdings Corp. breached its 50 day moving average in a Bearish Manner : ITC-US : August 29, 2016 (NYSE:ITC)
www.capitalcube.com - August 29 at 5:35 PM
News IconIllinois Approves Fortis' $11.3 Billion Acquisition of ITC Holdings (NYSE:ITC)
www.power-eng.com - August 26 at 5:34 PM
prnewswire.com logoFortis Inc. Acquisition of ITC Holdings Corp. Approved by Illinois Commerce Commission - PR Newswire (press release) (NYSE:ITC)
www.prnewswire.com - August 26 at 5:34 PM

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ITC Holdings Corp. (NYSE:ITC) Chart for Saturday, October, 1, 2016


Last Updated on 10/1/2016 by MarketBeat.com Staff